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2024-06-24 17:20:00 CEST 2024-06-24 17:20:01 CEST REGULATED INFORMATION Arion Bank hf. - Changes in company's own sharesArion Bank: Transactions in relation to a share buyback programmeReference is made to a press release from Arion Bank, published 4 April 2024 regarding the launch of a share buyback program and 8 May 2024 regarding the continuation of a share buyback program. In week 25 2024 Arion Bank purchased own shares on Nasdaq Iceland. Note that buybacks on Nasdaq Stockholm under the Program have concluded. See further details below. Share buyback on Nasdaq Iceland:
SDR buybacks on Nasdaq Stockholm have concluded. The Bank held 39,595,305 of own shares and SDRs prior to the transactions in week 25 and holds 41,295,305 shares and SDRs by the end of week 25. The Bank currently holds 2.82% of issued shares in the Bank. Since the launch of the share buyback programme the Bank has bought in total 30,650,142 shares and 355,086 SDRs. The repurchase under the Program will be divided between the Icelandic and Swedish markets, where up to 365,000 SDRs may be repurchased in Sweden, corresponding to 0.025% of the current issued capital, and where up to 36,135,000 shares may repurchased in Iceland, corresponding to 2.473% of the current issued capital (total 2.5% of the current issued capital). The total consideration for purchased SDRs shall furthermore not exceed ISK 50,000,000 in Sweden and ISK 4,950,000,000 for purchased shares in Iceland (ISK 5,000,000,000 total). The Program will end no later than 31 December 2024. The Bank retains the right to discontinue the Program at any time. |
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