Kvika banki hf.: Transaction in relation to a share buyback programme
06 August 2024 - 11:30AM
UK Regulatory
Kvika banki hf.: Transaction in relation to a share buyback
programme
In week 31 Kvika banki hf. („Kvika“ or „the
bank“) purchased 7,383,621 of its own shares at the purchase price
112,559,811 ISK. See further details below:
|
Date |
Time |
No. of shares purchased |
Share price (rate) |
Purchase price |
|
29.7.2024 |
10:38:35 |
1,000,000 |
15.275 |
15,275,000 |
|
29.7.2024 |
11:20:01 |
1,000,000 |
15.275 |
15,275,000 |
|
30.7.2024 |
15:01:07 |
1,000,000 |
15.200 |
15,200,000 |
|
31.7.2024 |
13:39:35 |
2,000,000 |
15.175 |
30,350,000 |
|
1.8.2024 |
15:13:26 |
2,000,000 |
15.300 |
30,600,000 |
|
2.8.2024 |
09:58:43 |
383,621 |
15.275 |
5,859,811 |
|
Total |
|
7,383,621 |
|
112,559,811 |
The trade is in accordance with Kvika‘s buyback
programme. announced on 4 July 2024 and based on the authorisation
of a shareholders‘ meeting of Kvika held on 21 March 2024.
Kvika held 11,248,162 own shares prior to the
notified transaction and has thus purchased a total of 18,631,783
shares under the buyback programme, which corresponds to 0.395% of
issued shares in the company. Total purchase price is 280,340,807
ISK. Buyback under the programme will amount to a maximum purchase
price of 1,000,000,000 ISK.
The buyback programme is in effect from 4 July
2024 until Kvika‘s annual general meeting 2025. unless the maximum
purchase price will be reached before that time.
The execution of the buy-back programme must
comply with Act on Public Limited Companies. No. 2/1995. In
addition. the buy-back programme must be implemented as provided
for in the Regulation of the European Parliament and of the Council
no. 596/2014. on market abuse. as well as the Commission Delegated
Regulation (EU) 2016/1052 on regulatory technical standards for the
conditions applicable to buy-back programmes and stabilisation
measures. which supplements that Regulation.
Further information please contact Kvika‘s
investor relations. ir@kvika.is
