Arion Bank: Transactions in relation to a share buyback programme
May 27, 2024 at 05:33 am EDT
Share
Reference 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 21 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:
Date
Time (GMT)
Number of shares
Share price
Purchase price (ISK)
Total own shares
21.5.2024
10:20:17
250,000
138.00
34,500,000
27,242,733
21.5.2024
13:16:24
5,600
137.00
767,200
27,248,333
22.5.2024
10:15:36
196,000
138.00
27,048,000
27,444,333
22.5.2024
14:33:31
250,000
138.00
34,500,000
27,694,333
23.5.2024
13:40:05
500,000
137.50
68,750,000
28,194,333
23.5.2024
14:59:12
300,000
137.50
41,250,000
28,494,333
24.5.2024
11:04:40
200,000
135.50
27,100,000
28,694,333
24.5.2024
15:25:07
150,000
135.00
20,250,000
28,844,333
24.5.2024
15:26:11
150,000
135.00
20,250,000
28,994,333
2,001,600
274,415,200
28,994,333
SDRs purchased on Nasdaq Stockholm:
Date
Time (GMT)
Number of SDRs
Share price
Purchase price (SEK)
Total own SDRs
21.5.2024
09:16:19
150
10.85
1,628
2,967,274
21.5.2024
09:16:19
41
10.85
445
2,967,315
21.5.2024
09:16:19
2,219
10.85
24,076
2,969,534
21.5.2024
09:16:19
690
10.85
7,487
2,970,224
21.5.2024
09:16:19
1,900
10.85
20,615
2,972,124
21.5.2024
14:43:13
3,373
10.70
36,091
2,975,497
21.5.2024
14:45:17
74
10.70
792
2,975,571
21.5.2024
14:47:41
1,353
10.70
14,477
2,976,924
22.5.2024
09:31:41
5,000
10.70
53,500
2,981,924
22.5.2024
13:10:52
1,436
10.70
15,365
2,983,360
22.5.2024
13:10:52
911
10.70
9,748
2,984,271
22.5.2024
13:10:52
37
10.70
396
2,984,308
22.5.2024
13:54:53
1,116
10.70
11,941
2,985,424
23.5.2024
09:24:12
1,517
10.70
16,232
2,986,941
23.5.2024
09:24:12
562
10.70
6,013
2,987,503
23.5.2024
09:45:22
1,000
10.70
10,700
2,988,503
23.5.2024
10:34:52
1,000
10.70
10,700
2,989,503
23.5.2024
11:07:10
39
10.70
417
2,989,542
23.5.2024
12:30:39
7
10.70
75
2,989,549
23.5.2024
12:32:29
375
10.70
4,013
2,989,924
23.5.2024
12:57:32
274
10.70
2,932
2,990,198
23.5.2024
13:03:35
3,664
10.70
39,205
2,993,862
23.5.2024
14:54:37
62
10.70
663
2,993,924
24.5.2024
10:06:48
3,605
10.70
38,574
2,997,529
24.5.2024
10:06:48
1,395
10.70
14,927
2,998,924
24.5.2024
10:13:27
506
10.70
5,414
2,999,430
24.5.2024
10:13:27
500
10.70
5,350
2,999,930
24.5.2024
10:13:27
494
10.70
5,286
3,000,424
24.5.2024
13:05:50
405
10.65
4,313
3,000,829
24.5.2024
13:31:46
589
10.65
6,273
3,001,418
24.5.2024
14:37:05
6
10.70
64
3,001,424
34,300
367,710
3,001,424
The Bank held 29,959,857 of own shares and SDRs prior to the transactions in week 21 and holds 31,995,757 shares and SDRs by the end of week 21. The Bank currently holds 2.190% of issued shares in the Bank, Since the launch of the share buyback programme the Bank has bought in total 21,430,142 shares and 275,538 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.
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 will all be publicly disclosed in accordance with applicable law and regulation in Iceland and Sweden respectively.
Arion banki hf (the Bank) is an Iceland-based financial institution that provides individuals, corporations and institutional investors with banking services. The Bank reports six operating segments: Asset Management, which comprises institutional asset management, private banking, investment services and pension fund administration; Corporate Banking that provides a full range of lending products, deposit accounts, payment solutions and value-added electronic corporate solutions; Investment Banking, which includes such services as buying and selling of companies, advice on financial decisions undertaken by companies and investors, as well as buying and selling of securities; Retail Banking that provides such services as deposits and loans, savings, payment cards, pension savings, insurance, securities and funds; Treasury that is responsible for the Bankâs liquidity, currency and interest rate management, and Subsidiaries and other divisions, including Valitor Holding hf, among others.