On May 30, 2016 BankNordik announced a share buy-back programme which is initiated and structured in compliance with the EU Commission Regulation No. 2273/2003 of 22 December 2003 (the so-called Safe Harbour Regulative).
The programme runs from 30 May 2016 to 30 December 2016. In this period BankNordik will acquire own shares with a value of up to DKK 33 million in market value.
Since the announcement on May 30, 2016 the following transactions have been made under the share bye-back programme:
| Number of shares |
Average purchase price |
Transaction value in DKK | |
| Accumulated, last announcement | 4,060 | 115.22 | 467,789 |
| 03 June 2016 | 1,700 | 116.12 | 197,400 |
| 06 June 2016 | 1,750 | 115.37 | 201,899 |
| 07 June 2016 | 1,800 | 116.00 | 208,800 |
| 08 June 2016 | 2,000 | 115.50 | 230,995 |
| 09 June 2016 | 2,000 | 116.47 | 232,939 |
| Accumulated under the programme | 13,310 | 115.69 | 1,539,822 |
With the transactions stated above, BankNordik holds a total of 115,587 of treasury shares, excluding investments made on behalf of customers and shares held for trading purposes, corresponding to 1.16% of the share capital.
Further information:
Árni Ellefsen, CEO, tel. (+298) 230 348
BankNordik has banking activities in Denmark, Greenland and the Faroe Islands and insurance activities in the Faroe Islands and Iceland. Founded in the Faroe Islands more than a century ago, the Group total assets of DKK 16.2bn and 477 employees. The Bank is subject to the supervision of the Danish Financial Supervisory Authority and is listed on Nasdaq Iceland and Nasdaq Copenhagen. www.banknordik.com