2023-05-31 18:48:00 CEST
2023-05-31 18:48:01 CEST
REGULATED INFORMATION
Arion Bank hf. - Changes in company's own shares
Arion Bank: Transactions in relation to a share buyback programme. The buyback programme is now concluded
Reference is made to a press release from Arion Bank, published 16 March 2023 regarding the launch of further buybacks under a buyback program. In week 22 2023 Arion Bank purchased own shares on Nasdaq Iceland and Swedish Depository Receipts (SDR) on Nasdaq Stockholm. The purchase of shares and SDR under the programme is now concluded. See further details below.
Share buyback on Nasdaq Iceland:
| Date | Time (GMT) | Number of shares | Share price | Purchase price (ISK) | Total own shares |
| 30.05.2023 | 12:02:26 | 300,000 | 130.50 | 39,150,000 | 10,847,236 |
| 30.05.2023 | 15:13:22 | 295,000 | 130.00 | 38,350,000 | 11,142,236 |
| 595,000 | 77,500,000 | 11,142,236 |
SDRs purchased on Nasdaq Stockholm:
| Date | Time (GMT) | Number of SDR | Share price | Purchase price (SEK) | Total own SDR |
| 30.05.2023 | 11:15:51 | 1,500 | 10.02 | 15,030 | 2,725,886 |
| 1,500 | 15,030 | 2,725,886 |
The Bank held 13,271,622 of own shares and SDRs prior to the transactions in week 22 and holds 13,868,122 shares and SDRs by the end of the same week. The Bank currently holds 0.95% of issued shares in the Bank. Since the launch of the current round of buybacks the Bank has bought in total 7,639,806 shares and 19,581 SDRs.
Repurchases of Arion Bank shares and SDRs was divided between the Icelandic and Swedish markets. The terms of the two active repurchase rounds provide for the aggregate repurchase of up to 246,000 Arion Bank SDRs on Nasdaq Stockholm, corresponding to 0.02% of the Bank’s currently issued share capital, and the aggregate repurchase of up to 7,700,000 Arion Bank shares on Nasdaq Iceland, corresponding to 0.51% of the Bank’s currently issued capital.
The repurchase of Arion Bank shares and SDRs was carried out in accordance with applicable law and regulation in Iceland and Sweden, 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 on measures against market manipulation which, inter alia, adopted the Safe Harbour Regulation into Icelandic law. Repurchase transactions in both markets will be publicly disclosed in accordance with applicable law and regulation in Iceland and Sweden, respectively.
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