Arion Bank: Transactions in relation to a share buyback programme
April 15, 2024 at 09:15 am EDT
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Reference is made to a press release from Arion Bank, published 4 April 2024 regarding the launch of a share buyback program. In week 14 and 15 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
5.4.2024
10:36:09
400,000
144.75
57,900,000
7,964,191
5.4.2024
10:50:04
2,362
144
340,128
7,966,553
5.4.2024
14:35:22
400,000
144.75
57,900,000
8,366,553
8.4.2024
09:39:26
200,000
145.75
29,150,000
8,566,553
8.4.2024
10:06:42
200,000
145.25
29,050,000
8,766,553
8.4.2024
11:16:49
200,000
145.5
29,100,000
8,966,553
8.4.2024
13:55:01
200,000
145.75
29,150,000
9,166,553
8.4.2024
14:12:18
200,000
145.75
29,150,000
9,366,553
9.4.2024
09:32:27
200,000
146
29,200,000
9,566,553
9.4.2024
09:57:16
200,000
146
29,200,000
9,766,553
9.4.2024
12:41:25
300,000
145
43,500,000
10,066,553
10.4.2024
09:37:14
300,000
145.5
43,650,000
10,366,553
10.4.2024
11:04:14
400,000
145.5
58,200,000
10,766,553
10.4.2024
13:40:07
200,000
145.5
29,100,000
10,966,553
11.4.2024
12:51:03
500,000
145
72,500,000
11,466,553
11.4.2024
13:20:31
1,064
145
154,280
11,467,617
11.4.2024
14:40:05
250,000
145
36,250,000
11,717,617
11.4.2024
14:50:01
1,063
145
154,135
11,718,680
11.4.2024
14:56:15
150,000
145
21,750,000
11,868,680
11.4.2024
15:23:38
50,000
145
7,250,000
11,918,680
11.4.2024
15:29:39
1,063
145
154,135
11,919,743
12.4.2024
11:03:48
200,000
145
29,000,000
12,119,743
12.4.2024
13:17:57
200,000
145.25
29,050,000
12,319,743
12.4.2024
13:55:03
200,000
145.25
29,050,000
12,519,743
12.4.2024
13:55:32
200,000
145.25
29,050,000
12,719,743
12.4.2024
15:23:48
200,000
144.5
28,900,000
12,919,743
5,355,552
777,852,678
12,919,743
SDRs purchased on Nasdaq Stockholm:
Date
Time (GMT)
Number of shares
Share price
Purchase price (SEK)
Total own SDRs
5.4.2024
14:45:08
5,000
11.3
56,500
2,730,886
5.4.2024
14:59:13
3,255
11.3
36,781.5
2,734,141
5.4.2024
14:59:13
400
11.3
4,520
2,734,541
5.4.2024
15:12:05
400
11.3
4,520
2,734,941
5.4.2024
15:18:35
100
11.3
1,130
2,735,041
5.4.2024
15:24:13
5
11.3
56.5
2,735,046
8.4.2024
09:34:20
11,500
11.35
130,525
2,746,546
9.4.2024
12:55:21
11,700
11.05
129,285
2,758,246
10.4.2024
09:36:45
218
11.05
2,408.9
2,758,464
10.4.2024
09:45:41
20
11.05
221
2,758,484
10.4.2024
10:08:12
30
11.05
331.5
2,758,514
10.4.2024
10:17:12
1,864
11.1
20,690.4
2,760,378
10.4.2024
10:17:12
5
11.1
55.5
2,760,383
10.4.2024
10:17:12
900
11.1
9,990
2,761,283
10.4.2024
10:17:12
145
11.1
1,609.5
2,761,428
10.4.2024
10:17:18
49
11.1
543.9
2,761,477
10.4.2024
10:17:25
42
11.1
466.2
2,761,519
10.4.2024
10:17:29
49
11.1
543.9
2,761,568
10.4.2024
10:34:35
1,678
11.1
18,625.8
2,763,246
10.4.2024
13:48:11
4,000
11
44,000
2,767,246
11.4.2024
14:18:38
1,648
11.15
18,375.2
2,768,894
11.4.2024
14:53:44
680
11.15
7,582
2,769,574
11.4.2024
15:23:23
2,672
11.15
29,792.8
2,772,246
12.4.2024
10:45:04
2,242
11.05
24,774.1
2,774,488
12.4.2024
10:45:04
50
11.05
552.5
2,774,538
12.4.2024
10:45:04
1,698
11.05
18,762.9
2,776,236
12.4.2024
10:45:04
48
11.05
530.4
2,776,284
12.4.2024
10:52:25
20
11.05
221
2,776,304
12.4.2024
11:34:29
322
11.1
3,574.2
2,776,626
12.4.2024
12:31:05
56
11.1
621.6
2,776,682
12.4.2024
12:34:26
71
11.1
788.1
2,776,753
12.4.2024
13:08:52
493
11.1
5,472.3
2,777,246
51,360
573,851.7
2,777,246
The Bank held 10,290,077 of own shares and SDRs prior to the transactions in week 14 and holds 15,696,989 own shares and SDRs by the end of week 15. The Bank currently holds 1,074% of issued shares in the Bank. Since the launch of the share buyback programme the Bank has bought in total 5,355,552 shares and 51,360 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 17,885,000 shares may repurchased in Iceland, corresponding to 1.224% of the current issued capital (total 1.25% of the current issued capital). The total consideration for purchased SDRs shall furthermore not exceed ISK 50,000,000 in Sweden and ISK 2,450,000,000 for purchased shares in Iceland (ISK 2,500,000,000 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.