Arion Bank: Transactions in relation to a share buyback programme. The buyback programme is now concluded
Reference is made to a press release from Arion Bank, published 4 April 2024 regarding the launch of a share buyback program and 8 May 2024 regarding the continuation of a share buyback program. In week 28 2024 Arion Bank purchased own shares on Nasdaq Iceland. The purchase of both shares and SDRs under the programme has now concluded. See further details below.
Share buyback on Nasdaq Iceland:
| Date | Time (GMT) | Number of shares | Share price | Purchase price (ISK) | Total own shares |
| 8.7.2024 | 09:54:46 | 200,000 | 135.50 | 27,100,000 | 41,879,215 |
| 8.7.2024 | 10:51:02 | 200,000 | 135.00 | 27,000,000 | 42,079,215 |
| 8.7.2024 | 14:45:43 | 190,000 | 135.50 | 25,745,000 | 42,269,215 |
| 9.7.2024 | 13:53:11 | 690 | 133.50 | 92,115 | 42,269,905 |
| 9.7.2024 | 14:01:23 | 1,706 | 133.50 | 227,751 | 42,271,611 |
| 9.7.2024 | 15:01:59 | 1,762 | 133.50 | 235,227 | 42,273,373 |
| 9.7.2024 | 15:10:37 | 500,000 | 133.50 | 66,750,000 | 42,773,373 |
| 10.7.2024 | 10:26:49 | 1,500 | 133.50 | 200,250 | 42,774,873 |
| 10.7.2024 | 11:43:05 | 260 | 133.50 | 34,710 | 42,775,133 |
| 10.7.2024 | 11:43:19 | 1,526 | 133.50 | 203,721 | 42,776,659 |
| 10.7.2024 | 11:52:07 | 250,000 | 134.50 | 33,625,000 | 43,026,659 |
| 10.7.2024 | 13:55:15 | 20,000 | 133.50 | 2,670,000 | 43,046,659 |
| 10.7.2024 | 14:08:46 | 20,000 | 133.50 | 2,670,000 | 43,066,659 |
| 10.7.2024 | 14:19:09 | 200 | 133.50 | 26,700 | 43,066,859 |
| 10.7.2024 | 14:24:49 | 30,000 | 133.50 | 4,005,000 | 43,096,859 |
| 10.7.2024 | 14:26:28 | 126,514 | 133.50 | 16,889,619 | 43,223,373 |
| 10.7.2024 | 15:20:31 | 150,000 | 133.50 | 20,025,000 | 43,373,373 |
| 11.7.2024 | 11:33:13 | 6,000 | 132.50 | 795,000 | 43,379,373 |
| 11.7.2024 | 14:44:15 | 147,160 | 133.00 | 19,572,280 | 43,526,533 |
| 1,847,318 | 247,867,373 | 43,526,533 |
SDR buybacks on Nasdaq Stockholm have concluded.
The Bank held 44,760,187 of own shares and SDRs prior to the transactions in week 28 and holds 46,607,505 shares and SDRs by the end of week 28. The Bank currently holds 3.19% of issued shares in the Bank. Since the launch of the share buyback programme the Bank has bought in total 35,962,342 shares and 355,086 SDRs.
Up to 365,000 SDRs could be repurchased in Sweden, corresponding to 0.025% of the current issued capital, and up to 36,135,000 shares could be repurchased in Iceland, corresponding to 2.473% of the current issued capital (total 2.5% of the current issued capital). The total consideration for purchased SDRs could furthermore not exceed ISK 50,000,000 in Sweden and ISK 4,950,000,000 for purchased shares in Iceland (ISK 5,000,000,000 total).
The Program was carried out in accordance with applicable law and regulation in Iceland and Sweden, as the case may be, including Regulation No, 596/2014 of the European Parliament and of the Council on market abuse (“MAR”), the Safe Harbour Regulation, Icelandic acts on limited liability companies, No, 2/1995 and Act No, 60 /2021 on measures against market manipulation and rules no, 320/2022 of measures against market manipulation which, inter alia, adopted the Safe Harbour Regulation into Icelandic law. Transactions under the Program were all publicly disclosed in accordance with applicable law and regulation in Iceland and Sweden respectively.
