2024-09-16 19:05:00 CEST

2024-09-16 19:05:02 CEST


REGULATED INFORMATION

Islandic English
Arion Bank hf. - Changes in company's own shares

Arion Bank: Transactions in relation to a share buyback programme


Reference is made to a press release from Arion Bank (the “Bank”), published 25 July 2024 regarding the launch of a share buyback program (the “Program”) and 30 August 2024 regarding increased size of the Program. In week 37 2024 Arion Bank purchased own shares on Nasdaq Iceland and Swedish Depository Receipts (SDR) on Nasdaq Stockholm. See further details below.

Share buyback on Nasdaq Iceland:

DateTime (GMT)Number of sharesShare pricePurchase price (ISK)Total own shares
9.9.202409:31:491,000,000143143,000,00094,180,571
9.9.202410:59:5555,0001437,865,00094,235,571
9.9.202411:00:38500,00014371,500,00094,735,571
9.9.202411:03:4645,0001436,435,00094,780,571
10.9.202410:02:161,000,000141.25141,250,00095,780,571
10.9.202412:15:31100,00013.,513,950,00095,880,571
11.9.202410:41:10500,00014070,000,00096,380,571
11.9.202414:38:52100,000138.513,850,00096,480,571
  3,300,000
467,850,00096,480,571

SDRs purchased on Nasdaq Stockholm:

DateTime (GMT)Number of SDRsSDR pricePurchase price (SEK)Total own SDRs
13.9.202414:05:5090010259,2253,094,309
13.9.202414:23:1587710.,258,9893,095,186
13.9.202414:23:4087710.258,9893,096,063
13.9.202415:24:452910.252973,096,092
  2,683
27,5013,096,092

The Bank held 96,273,980 of own shares and SDRs prior to the transactions in week 37 and holds 99,576,663 shares and SDRs by the end of week 37. The Bank currently holds 6.58% of issued shares in the Bank. Since the launch of the share buyback programme the Bank has bought in total 26,960,000 shares and 15,120 SDRs under the Program.

The repurchase under the Program will be divided between the Icelandic and Swedish markets, where up to 384,000 SDRs may be repurchased in Sweden, corresponding to 0.0254% of the current issued capital, and where up to 31,321,362 shares may repurchased in Iceland, corresponding to 2.0696% of the current issued capital (total 2.0949% of the current issued capital). The total consideration for purchased SDRs shall furthermore not exceed ISK 50,000,000 in Sweden and ISK 3,888,816,794 for purchased shares in Iceland (ISK 3,938,816,794 total). The Program will end no later than 12 March 2025. The Bank retains the right to discontinue the Program at any time.
 
The Program is carried out in accordance with applicable law and regulation in Iceland and Sweden, as the case may be, including Regulation No, 596/2014 of the European Parliament and of the Council on market abuse (“MAR”), the Safe Harbour Regulation, Icelandic acts on limited liability companies, No, 2/1995 and Act No, 60 /2021 on measures against market manipulation and rules no, 320/2022 of measures against market manipulation which, inter alia, adopted the Safe Harbour Regulation into Icelandic law. Transactions under the Program are publicly disclosed in accordance with applicable law and regulation in Iceland and Sweden respectively.

For any further information please contact:

Theodór Friðbertsson, Investor Relations at Arion Bank, ir@arionbanki.is, tel. +354 856 6760 or Eirikur Dor Jonsson, Head of Treasury at Arion Bank, eirikur.jonsson@arionbanki.is, tel. +354 856 7171