UK markets closed
  • FTSE 100

    7,204.55
    +14.25 (+0.20%)
     
  • FTSE 250

    22,931.66
    +14.61 (+0.06%)
     
  • AIM

    1,234.19
    -7.18 (-0.58%)
     
  • GBP/EUR

    1.1819
    -0.0042 (-0.35%)
     
  • GBP/USD

    1.3761
    -0.0034 (-0.25%)
     
  • BTC-GBP

    44,197.72
    -1,599.82 (-3.49%)
     
  • CMC Crypto 200

    1,450.87
    -52.17 (-3.47%)
     
  • S&P 500

    4,544.90
    -4.88 (-0.11%)
     
  • DOW

    35,677.02
    +73.94 (+0.21%)
     
  • CRUDE OIL

    84.00
    +1.50 (+1.82%)
     
  • GOLD FUTURES

    1,795.10
    +13.20 (+0.74%)
     
  • NIKKEI 225

    28,804.85
    +96.27 (+0.34%)
     
  • HANG SENG

    26,126.93
    +109.40 (+0.42%)
     
  • DAX

    15,542.98
    +70.42 (+0.46%)
     
  • CAC 40

    6,733.69
    +47.52 (+0.71%)
     

Kvika banki hf.: Transaction in relation to a share buyback programme

·2-min read

In week 38 Kvika banki hf. („Kvika“ or „the bank“) purchased 8,000,000 of its own shares at the purchase price 183,000,000 ISK. See further details below:

Date

Time

No. of shares purchased

Share price (rate)

Purchase price

20.9.2021

09:44:22

2,000,000

22.80

45,600,000

21.9.2021

09:57:13

1,000,000

23.20

23,200,000

21.9.2021

10:02:17

1,000,000

23.20

23,200,000

22.9.2021

11:27:31

1,000,000

22.70

22,700,000

22.9.2021

13:31:43

1,000,000

22.70

22,700,000

23.9.2021

10:53:37

2,000,000

22.80

45,600,000

Total

8,000,000

183,000,000

The trade is in accordance with Kvika‘s buyback programme, announced on 16 July 2021 and based on the authorisation of a shareholders‘ meeting of Kvika held on 21 April 2021.

Kvika held 83,500,000 own shares prior to the notified transacton and has, thus, purchased a total of 91,500,000 shares under the buyback programme, which corresponds to 1.92% of issued shares in the company. Total purchase price is 2,193,087,500 ISK. Buyback under the programme will amount to a maximum of 117,256,300 million shares. Additionally TM tryggingar hf., Kvika‘s subsidiary, owns 6,400,000 shares which it owned when Kvika and TM hf. merged.

The buyback programme is in effect from 19 July 2021 until Kvika‘s annual general meeting 2022, unless the maximum amount of purchased shares will be reached before that time.

The buyback programme was executed in accordance with Chapter VIII. of Act No. 2/1995 on Public Limited Companies and Chapter II of the Annex to Regulation No. 630/2005 on Inside Information and Market Abuse, “Trade in own shares under buy-back programmes and the stabilisation of financial instruments”, with later amendments.

Further information: Halldór Karl Högnason, Head of Treasury via tel. (+354) 540 3200.


Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting