Arion Bank: Share buyback programme concluded and transactions in week 46

2022-11-16 17:15:00

Reference is made to a press release from Arion Bank, published 5 September 2022 regarding the launch of a share buyback program. That programme has now been concluded.

In week 46 2022 Arion Bank purchased own shares on Nasdaq Iceland. See further details below.

Share buyback on Nasdaq Iceland:

DateTime (GMT) Number of shares Share pricePurchase price (ISK)Total own shares
15.11.202209:44:49                   1,310   165.00216,15035,946,088
15.11.202211:51:59                   8,600   165.001,419,00035,954,688
15.11.202213:08:47                 49,397   166.008,199,90236,004,085
15.11.202213:08:47                 14,000   166.002,324,00036,018,085
15.11.202214:35:28                 90,090   166.0014,954,94036,108,175
15.11.202214:58:29               500,000   166.0083,000,00036,608,175
15.11.202215:08:52               200,000   166.0033,200,00036,808,175
16.11.202210:25:58                   2,496   165.00411,84036,810,671
16.11.202211:42:14               150,000   165.5024,825,00036,960,671
16.11.202212:34:25               329,485   165.5054,529,76837,290,156


           1,345,378   
223,080,60037,290,156

 
The purchase of SDRs on Nasdaq Stockholm has already been concluded.

The Bank held 38,032,083 of own shares and SDRs prior to the transactions in week 46 and holds 39,377,461 shares and SDRs by the end of the same week. The Bank currently holds 2.61% of issued shares in the Bank. Since the launch of the share buyback programme the Bank has bought in total 28,077,000 shares and 573,000 SDRs.
 
The Program was 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 are publicly disclosed in accordance with applicable law and regulation in Iceland and Sweden respectively.

MFN