Share buy-back programme - P/F BankNordik


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 30,317 114.05 3,457,668
24 June 2016 2,200 107.50 236,500
27 June 2016 2,100 108.39 227,612
28 June 2016 2,100 108.68 228,219
29 June 2016 1,205 110.85 133,578
30 June 2016 2,000 113.43 226,864
Accumulated under the programme 39,922 112.98 4,510,441

 

With the transactions stated above, BankNordik holds a total of 142,199 of treasury shares, excluding investments made on behalf of customers and shares held for trading purposes, corresponding to 1.42% 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