Company announcement

Announcement no. 15/2019

BankNordik share buy-back programme: Transactions week 11, 2019

On August 10, 2018 BankNordik announced a share buy-back programme. The programme is being carried out under Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 and the Commission’s delegated regulation (EU) 2016/1052 of 8 March 2016 (also referred to as the Safe Harbour rules), which ensures that BankNordik is protected against violation of insider legislation in relation to the share buyback programme.

The share buyback programme runs from 6 August 2018 to 30 March 2019. In this period BankNordik will acquire shares with a value of up to DKK 15.0 million, with a maximum of up to 10% of the company’s share capital.

Since the announcement as of 6 August 2018, the following transactions have been made under the program:

 Number of sharesAverage
purchase price
Transaction value in DKK
Accumulated, last announcement133,266111.0314,796,198
08 March 2019500112.0056,000
11 March 2019378113.7743,005
12 March 201916114.001,824
13 March 2019500116.5058,250
14 March 2019378118.0044,604
Accumulated under the programme135,038111.0814,999,881

The share repurchase program announced has now been concluded.

With the transactions stated above, BankNordik holds a total of 473,047 of treasury shares, excluding investments made on behalf of customers and shares held for trading purposes, corresponding to 4.73% of the share capital.

In accordance with the Commission’s delegated regulation (EU) 2016/1052 of 8 March 2016 the share buy-back transactions data is presented in detail form here:

FilledInstrumentPriceTraded onEx.
500BNORDIK-CSE.CO112.0020190308 11:16:43.729637XCSE
FilledInstrumentPriceTraded onEx.
26BNORDIK-CSE.CO111.5020190311 11:41:56.569535XCSE
22BNORDIK-CSE.CO113.0020190311 15:55:13.091870XCSE
319BNORDIK-CSE.CO114.0020190311 16:38:50.410583XCSE
11BNORDIK-CSE.CO114.0020190311 16:54:10.050340XCSE
FilledInstrumentPriceTraded onEx.
16BNORDIK-CSE.CO114.0020190312 16:54:21.509992XCSE
479BNORDIK-CSE.CO116.5020190313 15:51:28.270845XCSE
21BNORDIK-CSE.CO116.5020190313 16:00:10.711016XCSE
378BNORDIK-CSE.CO118.0020190314 09:24:52.705589XCSE

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 has total assets of DKK 16.7bn and 390 employees. The Bank is subject to the supervision of the Danish Financial Supervisory Authority and is listed on Nasdaq Copenhagen.