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2023-01-30 11:52:00 CET 2023-01-30 11:52:02 CET 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 13 December 2022 regarding the launch of a share buyback program. In week 4 2023 Arion Bank purchased own shares on Nasdaq Iceland and Swedish Depository Receipts (SDR) on Nasdaq Stockholm. The purchase of shares on Nasdaq Iceland under the programme is now concluded. See further details below. Share buyback on Nasdaq Iceland. The purchase of shares in Iceland is now concluded:
SDRs purchased on Nasdaq Stockholm:
The Bank held 51,025,155 of own shares and SDRs prior to the transactions in week 4 and holds 51,830,248 shares and SDRs by the end of the same week. The Bank currently holds 3.43% of issued shares in the Bank. Since the launch of the share buyback programme the Bank has bought in total 12,160,000 shares and 292,787 SDRs. The repurchase under the Program will be divided between the Icelandic and Swedish markets, where up to 640,000 SDRs may be repurchased in Sweden, corresponding to 0.04% of the current issued capital, and where up to 12,160,000 shares may repurchased in Iceland, corresponding to 0.81% of the current issued capital (total 0.85% of the current issued capital). The total consideration for purchased SDRs shall furthermore not exceed the equivalent of ISK 100,000,000 in Sweden and ISK 1,900,000,000 for purchased shares in Iceland (ISK 2,000,000,000 total). The Program will end no later than 15 March 2023. The Bank retains the right to discontinue the Program at any time. |
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