Transactions in relation to share repurchase program – week 11

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| Source: Icelandair Group hf.
multilang-release

In Week 11 2017, Icelandair Group hf. (The “Company”) purchased 13,934,395 of its own shares. The total purchase price is ISK 198,896,022, as detailed below:

 

     Own shares at the beginning of period                     68,401,860    
     Purchased at nominal value in week 11                     13,934,395    
     Total turnover in week 11                      198,896,022    
           
           
Date Time  No. of shares bought   Shareprice   Turnover   No. of own shares after the transaction 
13/3/2017 10:01    1,000,000                   14.25        14,250,000                        69,401,860    
13/3/2017 10:17    1,000,000                   14.25        14,250,000                        70,401,860    
13/3/2017 10:54    1,000,000                   14.19        14,190,000                        71,401,860    
13/3/2017 11:48       450,000                   14.20          6,390,000                        71,851,860    
13/3/2017 15:17    1,000,000                   14.14        14,140,000                        72,851,860    
14/3/2017 10:24       980,575                   14.28        14,002,611                        73,832,435    
14/3/2017 13:38         19,425                   14.28             277,389                        73,851,860    
14/3/2017 14:47       175,000                   14.35          2,511,250                        74,026,860    
14/3/2017 14:47       825,000                   14.35        11,838,750                        74,851,860    
14/3/2017 14:49           5,800                   14.20               82,360                        74,857,660    
14/3/2017 15:29       994,200                   14.29        14,207,118                        75,851,860    
15/3/2017 10:28       381,020                   14.25          5,429,535                        76,232,880    
15/3/2017 10:52       395,020                   14.25          5,629,035                        76,627,900    
15/3/2017 13:24       821,176                   14.25        11,701,758                        77,449,076    
16/3/2017 09:49    1,000,000                   14.10        14,100,000                        78,449,076    
17/3/2017 09:48    1,000,000                   14.41        14,410,000                        79,449,076    
17/3/2017 09:48    1,000,000                   14.41        14,410,000                        80,449,076    
17/3/2017 11:21    1,000,000                   14.40        14,400,000                        81,449,076    
17/3/2017 13:33       261,096                   14.26          3,723,229                        81,710,172    
17/3/2017 15:24       626,083                   14.30          8,952,987                        82,336,255    

 

Prior to the aforementioned share repurchase, the Company owned 68,401,860 of its own shares but now owns 82,336,255 of its own shares, corresponding to 1.65% of the Company‘s total share capital.

The trade is in accordance with a share repurchase program authorized by the Annual General Meeting on the 10th of March 2016 and has been put in motion according to an announcement published in NASDAQ Iceland on the 20th of February 2017.

Icelandair Group hf. has acquired 57,336,255 of its own shares under the program which corresponds to 1.15% of the total share capital and the total value of repurchased shares amounts to ISK 850,492,129. According to the program, The Company may not purchase more than 114,000,000 of its own shares, corresponding to 2.28% of the total share capital. The total consideration for shares under the program shall not exceed ISK 1,700 million. The share repurchase program is valid until September 8th 2017 or until the total allowed amount of shares are purchased by the Company, whichever happens first.

The share repurchase program is executed in accordance with Chapter VIII. of Act No. 2/1995 on Public Limited Companies and Chapter II of the Annex to Regulation No. 630/2005 on Inside Information and Market Abuse, with later amendments.