In week 35 Kvika banki hf. („Kvika“ or „the bank“) purchased 4,459,947 of its own shares at the purchase price 73,284,500 ISK. See further details below:
| Date | Time | No. of shares purchased | Share price (rate) | Purchase price |
| 29.8.2024 | 13:29:00 | 152,200 | 16.350 | 2,488,470 |
| 30.8.2024 | 10:06:25 | 3,000,000 | 16.450 | 49,350,000 |
| 30.8.2024 | 11:57:12 | 20,412 | 16.350 | 333,736 |
| 30.8.2024 | 13:54:17 | 25,000 | 16.400 | 410,000 |
| 30.8.2024 | 15:16:38 | 100,000 | 16.400 | 1,640,000 |
| 30.8.2024 | 15:29:43 | 1,162,335 | 16.400 | 19,062,294 |
| Total | 4,459,947 | 73,284,500 |
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 42,031,783 own shares prior to the notified transaction and has thus purchased a total of 46,491,730 shares under the buyback programme, which corresponds to 0.985% of issued shares in the company. Total purchase price is 716,725,307 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
