Kvika banki hf.: Transaction in relation to a share buyback programme
22 July 2024 - 11:30AM
UK Regulatory
Kvika banki hf.: Transaction in relation to a share buyback
programme
In week 29 Kvika banki hf. („Kvika“ or „the
bank“) purchased 8,000,000 of its own shares at the purchase price
119,050,000 ISK. See further details below:
|
Date |
Time |
No. of shares purchased |
Share price (rate) |
Purchase price |
|
15.7.2024 |
11:19:20 |
1,000,000 |
14.60 |
14,600,000 |
|
15.7.2024 |
14:11:13 |
1,000,000 |
14.55 |
14,550,000 |
|
16.7.2024 |
15:13:35 |
1,000,000 |
14.65 |
14,650,000 |
|
17.7.2024 |
13:51:29 |
2,000,000 |
14.90 |
29,800,000 |
|
18.7.2024 |
09:49:44 |
1,000,000 |
15.00 |
15,000,000 |
|
18.7.2024 |
15:07:29 |
1,000,000 |
15.30 |
15,300,000 |
|
19.7.2024 |
11:53:39 |
1,000,000 |
15.15 |
15,150,000 |
|
Total |
|
8,000,000 |
|
119,050,000 |
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 no own shares prior to the notified
transacton and has, thus, purchased a total of 8,000,000 shares
under the buyback programme, which corresponds to 0.169% of issued
shares in the company. Total purchase price is 119,050,000 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
