In week 37 Kvika banki hf. („Kvika“ or „the bank“) purchased 9,127,963 of its own shares at the purchase price 151,208,890 ISK. See further details below:
| Date | Time | No. of shares purchased | Share price (rate) | Purchase price |
| 9.9.2024 | 15:21:51 | 50,000 | 16.450 | 822,500 |
| 11.9.2024 | 11:06:28 | 2,000,000 | 16.650 | 33,300,000 |
| 11.9.2024 | 13:51:48 | 3,000,000 | 16.600 | 49,800,000 |
| 12.9.2024 | 10:29:27 | 4,077,963 | 16.500 | 67,286,390 |
| Total | 9,127,963 | 151,208,890 |
The trade is in accordance with Kvika‘s buyback programme, announced on 4 July 2024 and based on the authorisation of a shareholders‘ meeting of Kvika held on 21 March 2024.
Kvika held 54,495,730 own shares prior to the notified transaction and has thus purchased a total of 63,623,693 shares under the buyback programme, which corresponds to 1.347% of issued shares in the company. Total purchase price is 999,999,997 ISK. Buyback under the programme amounted to a maximum purchase price of 1,000,000,000 ISK and is therefore completed.
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. ir@kvika.is
