Share buy-back programme - P/F BankNordik


On May 30, 2016 BankNordik announced a share buy-back programme. The share buy-back programme is initiated and structured in compliance with the EU Commission Regulation No. 2273/2003 of 22 December 2003 (the so-called Safe Harbour Regulative for share buy-back programmes), and from July 3, 2016 in accordance with the EU Commission Regulation No. 596/2014 of April 16, 2014 on market abuse (Market Abuse Regulation).

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 buy-back programme:

 

  Number of shares Average
purchase price
Transaction value in DKK
Accumulated, last announcement 99,444 119.83 11,915,902
28 October 2016 1,100 127.50 140,250
31 October 2016 1,700 130.42 221,714
01 November 2016 1,790 130.00 232,700
02 November 2016 1,800 131.00 235,800
03 November 2016 411 137.35 56,452
Accumulated under the programme 106,245 120.50 12,802,818

With the transactions stated above, BankNordik holds a total of 208,522 of treasury shares, excluding investments made on behalf of customers and shares held for trading purposes, corresponding to 2.09% of the share capital.

In accordance with the EU Commission Regulation No. 596/2014, transactions related to the share buy-back programme are presented in detailed form in the spread sheet attached to this company announcement.

  

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. Founded in the Faroe Islands more than a century ago, the Group total assets of DKK 16.4bn and 416 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


Attachments

BankNordik_Trading Data_4.11.2016.xlsx