In weeks 19 and 20 Kvika banki hf. („Kvika“ or „the bank“) purchased 14,902,447 of its own shares at the purchase price ISK 202,578,769. See further details below:
| Date | Time | No. of shares purchased | Share price (rate) | Purchase price |
| 5.5.2025 | 09:49:56 | 1,000,000 | 13.70 | 13,700,000 |
| 5.5.2025 | 11:39:44 | 1,000,000 | 13.70 | 13,700,000 |
| 5.5.2025 | 14:14:34 | 500,000 | 13.65 | 6,825,000 |
| 6.5.2025 | 09:36:56 | 1,000,000 | 13.60 | 13,600,000 |
| 6.5.2025 | 14:53:14 | 2,000,000 | 13.58 | 27,150,000 |
| 7.5.2025 | 10:10:53 | 1,000,000 | 13.58 | 13,575,000 |
| 7.5.2025 | 12:41:29 | 2,000,000 | 13.58 | 27,150,000 |
| 7.5.2025 | 15:16:15 | 3,000,000 | 13.55 | 40,650,000 |
| 8.5.2025 | 09:44:08 | 1,000,000 | 13.68 | 13,675,000 |
| 8.5.2025 | 14:15:37 | 2,000,000 | 13.50 | 27,000,000 |
| 12.5.2025 | 13:18:36 | 402,447 | 13.80 | 5,553,769 |
| Total | 14.902.447 | 202,578,769 |
The trade is in accordance with Kvika‘s buyback programme, announced on 27 February 2025 and based on the authorisation of a shareholders‘ meeting of Kvika held on 21 March 2024.
Kvika has now purchased a total of 163,590,409 shares under the buyback programme, which corresponds to 3.533% of issued shares in the company. The total purchase price is ISK 2,500,000,000. Post these transactions Kvika holds 134,410,410 of own shares which corresponds to 2.902% of issued shares.
Buyback under the programme amounted to a maximum purchase price of 2,500,000,000 ISK and is therefore completed.
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, [email protected].
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