In week 31 Kvika banki hf. („Kvika“ or „the bank“) purchased 7,383,621 of its own shares at the purchase price 112,559,811 ISK. See further details below:
| Date | Time | No. of shares purchased | Share price (rate) | Purchase price |
| 29.7.2024 | 10:38:35 | 1,000,000 | 15.275 | 15,275,000 |
| 29.7.2024 | 11:20:01 | 1,000,000 | 15.275 | 15,275,000 |
| 30.7.2024 | 15:01:07 | 1,000,000 | 15.200 | 15,200,000 |
| 31.7.2024 | 13:39:35 | 2,000,000 | 15.175 | 30,350,000 |
| 1.8.2024 | 15:13:26 | 2,000,000 | 15.300 | 30,600,000 |
| 2.8.2024 | 09:58:43 | 383,621 | 15.275 | 5,859,811 |
| Total | 7,383,621 | 112,559,811 |
The trade is in accordance with Kvika‘s buyback programme. announced on 4 July 2024 and based on the authorisation of a shareholders‘ meeting of Kvika held on 21 March 2024.
Kvika held 11,248,162 own shares prior to the notified transaction and has thus purchased a total of 18,631,783 shares under the buyback programme, which corresponds to 0.395% of issued shares in the company. Total purchase price is 280,340,807 ISK. Buyback under the programme will amount to a maximum purchase price of 1,000,000,000 ISK.
The buyback programme is in effect from 4 July 2024 until Kvika‘s annual general meeting 2025. unless the maximum purchase price will be reached before that time.
The execution of the buy-back programme must comply with Act on Public Limited Companies. No. 2/1995. In addition. the buy-back programme must be implemented as provided for in the Regulation of the European Parliament and of the Council no. 596/2014. on market abuse. as well as the Commission Delegated Regulation (EU) 2016/1052 on regulatory technical standards for the conditions applicable to buy-back programmes and stabilisation measures. which supplements that Regulation.
Further information please contact Kvika‘s investor relations. ir@kvika.is
