2016-09-16 10:00:01 CEST

2016-09-16 10:00:01 CEST


BIRTINGARSKYLDAR UPPLÝSNINGAR

Enska Danska
BankNordik P/F - Company Announcement

Share buy-back programme - P/F BankNordik 


On May 30, 2016 BankNordik announced a share buy-back programme. The share
buy-back programme is initiated and structured in compliance with the EU
Commission Regulation No. 2273/2003 of 22 December 2003 (the so-called Safe
Harbour Regulative for share buy-back programmes), and from July 3, 2016 in
accordance with the EU Commission Regulation No. 596/2014 of April 16, 2014 on
market abuse (Market Abuse Regulation). 

The programme runs from 30 May 2016 to 30 December 2016. In this period
BankNordik will acquire own shares with a value of up to DKK 33 million in
market value. 

Since the announcement on May 30, 2016 the following transactions have been
made under the share buy-back programme: 



                               Number of       Average      Transaction value in
                                shares         purchase             DKK         
                                                price                           
--------------------------------------------------------------------------------
Accumulated, last                   73,410         117.47              8,623,649
 announcement                                                                   
--------------------------------------------------------------------------------
09 September 2016                      680         128.93                 87,670
--------------------------------------------------------------------------------
12 September 2016                      660         129.00                 85,140
--------------------------------------------------------------------------------
13 September 2016                      660         126.84                 83,714
--------------------------------------------------------------------------------
14 September 2016                      670         128.00                 85,760
--------------------------------------------------------------------------------
15 September 2016                      700         126.54                 88,577
--------------------------------------------------------------------------------
Accumulated under the               76,780         117.93              9,054,510
 programme                                                                      
--------------------------------------------------------------------------------

With the transactions stated above, BankNordik holds a total of 179,057 of
treasury shares, excluding investments made on behalf of customers and shares
held for trading purposes, corresponding to 1.79% of the share capital. 

In accordance with the EU Commission Regulation No. 596/2014, transactions
related to the share buy-back programme are presented in detailed form in the
spread sheet attached to this company announcement. 



Further information:

Árni Ellefsen, CEO, tel. (+298) 230 348



BankNordik has banking activities in Denmark, Greenland and the Faroe Islands
and insurance activities in the Faroe Islands and Iceland. Founded in the Faroe
Islands more than a century ago, the Group total assets of DKK 16.4bn and 464
employees. The Bank is subject to the supervision of the Danish Financial
Supervisory Authority and is listed on Nasdaq Iceland and Nasdaq Copenhagen.
www.banknordik.com