Íslandsbanki hf.: Transactions in relation to a share repurchase programme – week 46
Reference is made to an announcement from Íslandsbanki hf., published 1 November 2024 on the further implementation of a share repurchase programme relating to own shares, initially announced on 14 June 2024.
In week 46 Íslandsbanki hf. (the Bank) purchased in total 2,600,000 own shares for the total amount of ISK 328,595,000 as follows:
| Date | Time | Purchased shares | Price per share | Purchase Price (ISK) | Total own shares |
| 11.11.24 | 10:24:43 | 125,000 | 126.50 | 15,812,500 | 90,685,363 |
| 11.11.24 | 11:11:33 | 150,000 | 127.00 | 19,050,000 | 90,835,363 |
| 11.11.24 | 12:32:12 | 100,000 | 126.50 | 12,650,000 | 90,935,363 |
| 11.11.24 | 14:22:24 | 100,000 | 126.50 | 12,650,000 | 91,035,363 |
| 11.11.24 | 14:55:04 | 45,000 | 126.50 | 5,692,500 | 91,080,363 |
| 12.11.24 | 10:23:25 | 100,000 | 126.50 | 12,650,000 | 91,180,363 |
| 12.11.24 | 10:43:25 | 100,000 | 126.50 | 12,650,000 | 91,280,363 |
| 12.11.24 | 11:39:13 | 100,000 | 126.00 | 12,600,000 | 91,380,363 |
| 12.11.24 | 13:18:30 | 100,000 | 126.00 | 12,600,000 | 91,480,363 |
| 12.11.24 | 14:18:15 | 70,000 | 126.00 | 8,820,000 | 91,550,363 |
| 12.11.24 | 15:08:42 | 50,000 | 124.50 | 6,225,000 | 91,600,363 |
| 13.11.24 | 10:08:07 | 100,000 | 127.00 | 12,700,000 | 91,700,363 |
| 13.11.24 | 10:55:06 | 100,000 | 126.50 | 12,650,000 | 91,800,363 |
| 13.11.24 | 13:09:38 | 150,000 | 126.00 | 18,900,000 | 91,950,363 |
| 13.11.24 | 14:18:48 | 100,000 | 126.00 | 12,600,000 | 92,050,363 |
| 13.11.24 | 14:46:41 | 70,000 | 126.00 | 8,820,000 | 92,120,363 |
| 14.11.24 | 10:36:58 | 100,000 | 126.00 | 12,600,000 | 92,220,363 |
| 14.11.24 | 12:51:14 | 200,000 | 126.00 | 25,200,000 | 92,420,363 |
| 14.11.24 | 15:10:47 | 220,000 | 125.50 | 27,610,000 | 92,640,363 |
| 15.11.24 | 11:37:27 | 250,000 | 127.00 | 31,750,000 | 92,890,363 |
| 15.11.24 | 13:59:41 | 150,000 | 127.50 | 19,125,000 | 93,040,363 |
| 15.11.24 | 14:59:26 | 120,000 | 127.00 | 15,240,000 | 93,160,363 |
| Total week 46 | 2,600,000 | 328,595,000 |
Before the above purchase in week 46 the Bank owned 90,560,363 own shares, or 4.53% of issued shares. During this round of repurchase of own shares the Bank has purchased in total 5,720,000 own shares or 0.29% of issued shares, and the total purchase price thereunder is ISK 726,115,000.
This round of share buybacks aims to repurchase own shares of the maximum amount of 10 million shares or 0.50% of issued shares, the total purchase price for repurchased shares however not exceeding ISK 1,000,000,000 in total. This round of share buybacks commenced on 1 November 2024 and remains in force until 31 December 2024, unless the conditions on the maximum amount of shares or purchase price is met before that time.
From the beginning of the share repurchase in February 2023 the Bank has purchased a total of 93,160,363 own shares, or 4.66% of issued shares.
The share repurchase programme will be carried out in accordance with the applicable law, including the Act on limited liability companies No. 2/1995, Regulation No. 596/2014 of the European Parliament and of the Council on market abuse, Commission delegated regulation (EU) 2016/1052 of 8 March 2016, the Act on Measures Against Market Abuse No. 60/2021 and regulation 320/2022 on the same subject. The approval of the Financial Supervisory Authority of the Central Bank of Iceland for the Bank's repurchase of own shares has been obtained.