Arion Bank: Reduction of share capital
Annual General Meeting of Arion Bank hf., held on 12 March 2025, approved to reduce the Company’s share capital by ISK 93,423,078 nominal value, amounting 93,423,078 own shares, by cancelling the Company’s own shares.
A request has been sent to Nasdaq and the reduction will be carried out on April 7 2025. The Company’s share capital therefore reduces from ISK 1,513,423,078 to ISK 1,420,000,000 which is divided into an equal number of shares and each share is accompanied by one vote. After the reduction Arion Bank owns total 18,815,916 own shares and SDRs.