Kvika Banki Hf.: Transaction In Relation To A Share Buy-Back Programme

2025-06-10 07:46:07

(MENAFN- GlobeNewsWire - Nasdaq) In week 23 Kvika banki hf. („Kvika“ or „the bank“) purchased 16,200,000 of its own shares at the purchase price ISK 287,285,000. See further details below:

Date	Time	No. of shares purchased	Share price (rate)	Purchase price
2.6.2025	10:56:20	1,000,000	17.450	17,450,000
2.6.2025	14:32:31	1,700,000	17.550	29,835,000
2.6.2025	14:46:22	1,000,000	17.550	17,550,000
2.6.2025	15:08:06	1,000,000	17.550	17,550,000
3.6.2025	10:44:15	1,000,000	17.500	17,500,000
3.6.2025	12:09:50	1,000,000	17.800	17,800,000
3.6.2025	13:23:29	1,000,000	17.800	17,800,000
4.6.2025	11:51:38	1,000,000	17.875	17,875,000
4.6.2025	14:10:47	1,000,000	17.900	17,900,000
5.6.2025	11:34:00	2,000,000	17.850	35,700,000
5.6.2025	13:59:23	2,000,000	17.850	35,700,000
6.6.2025	10:07:09	1,000,000	17.850	17,850,000
6.6.2025	14:01:57	1,500,000	17.850	26,775,000
Total		16,200,000		287,285,000

The trade is in accordance with Kvika's buyback programme, announced on 22 May 2025 and based on the authorisation of a shareholders' meeting of Kvika held on 21 March 2024 and renewed at the Annual General Meeting on 26 March 2025.

Kvika has now purchased a total of 39,200,000 shares under the buyback programme, which corresponds to 0.846% of issued shares in the company. The total purchase price is ISK 667,435,000. Post these transactions Kvika holds 173,610,410 of own shares which corresponds to 3.749% of issued shares.

Buyback under the programme will be limited to a maximum total purchase price of 2,500,000,000 ISK and will not exceed 236,409,591 shares.

The buyback programme is in effect from 22 May 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, ....

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