Kvika Banki Hf.: Transaction In Relation To A Share Buyback Programme

2025-04-14 10:16:15

(MENAFN- GlobeNewsWire - Nasdaq) In week 15 Kvika banki hf. („Kvika“ or „the bank“) purchased 30,240,000 of its own shares at the purchase price ISK 406,325,000. See further details below:

Date	Time	No. of shares purchased	Share price (rate)	Purchase price
7.4.2025	09:42:25	500.000	13,2	6.600.000
7.4.2025	10:55:23	2.000.000	14	28.000.000
7.4.2025	11:28:52	25.729	13,75	353.774
7.4.2025	11:28:52	474.271	13,75	6.521.226
7.4.2025	14:59:00	240.000	13,75	3.300.000
7.4.2025	15:02:51	2.000.000	13,8	27.600.000
7.4.2025	15:19:38	1.000.000	13,8	13.800.000
8.4.2025	10:13:57	2.000.000	13,925	27.850.000
8.4.2025	11:21:04	1.000.000	13,8	13.800.000
8.4.2025	13:59:55	2.000.000	13,8	27.600.000
9.4.2025	09:33:25	490.000	13,3	6.517.000
9.4.2025	09:33:29	510.000	13,3	6.783.000
9.4.2025	09:54:29	1.000.000	13,15	13.150.000
9.4.2025	11:10:33	500.000	12,85	6.425.000
9.4.2025	11:10:39	500.000	12,85	6.425.000
9.4.2025	11:25:25	500.000	12,7	6.350.000
9.4.2025	15:04:20	3.500.000	12,9	45.150.000
10.4.2025	12:02:35	1.000.000	13,4	13.400.000
10.4.2025	13:48:10	1.000.000	13,25	13.250.000
10.4.2025	13:51:58	1.000.000	13,2	13.200.000
10.4.2025	13:56:23	2.000.000	13,2	26.400.000
11.4.2025	13:16:18	3.000.000	13,35	40.050.000
11.4.2025	14:30:33	4.000.000	13,45	53.800.000
Total		30,240,000		406,325,000

The trade is in accordance with Kvika's buyback programme, announced on 27 February 2025 and based on the authorisation of a shareholders' meeting of Kvika held on 21 March 2024.

Kvika has now purchased a total of 100,887,962 shares under the buyback programme, which corresponds to 2,179% of issued shares in the company. The total purchase price is ISK 1,647,281,231. Post these transactions Kvika holds 71,707,963 of own shares which corresponds to 1,548% of issued shares.

Buyback under the programme will amount to a maximum purchase price of 2,500,000,000 ISK.

The buyback programme is in effect from 27 February 2025 until Kvika's annual general meeting 2026. 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. ...

MENAFN14042025004107003653ID1109427837

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.