In week 46 Kvika purchased 13,153,759 of its own shares at the purchase price 144,143,072 ISK. See further details below:
| Date | Time | No. of shares purchased | Share price (rate) | Purchase price |
| 11.11.2019 | 10:29:56 | 1,250,000 | 11.12 | 13,900,000 |
| 11.11.2019 | 10:36:38 | 416,666 | 11.12 | 4,633,326 |
| 11.11.2019 | 10:56:47 | 500,000 | 11.1 | 5,550,000 |
| 12.11.2019 | 12:11:19 | 2,687,311 | 11.01 | 29,587,294 |
| 13.11.2019 | 09:30:14 | 2,763,135 | 10.92 | 30,173,434 |
| 14.11.2019 | 09:30:08 | 2,733,092 | 10.82 | 29,572,055 |
| 15.11.2019 | 09:30:37 | 2,803,555 | 10.96 | 30,726,963 |
| Total | 13,153,759 | 144,143,072 |
The trade is in accordance with Kvika‘s buyback programme, announced on 21 October 2019 and based on the authorisation of a shareholders‘ meeting of Kvika held on 14 March 2019.
Kvika held 17,843,785 own shares prior to the notified transactions and holds 30,977,544 own shares after them. All shares were purchased under the buyback programme. Since the last regular announcement regarding transactions in relation to the buyback programme the company‘s share capital has been increased, cf. announcement from 14 November 2019 and amounts to a nominal value of ISK 1,976,899,100. The company’s own shares therefore correspond to 1.57% of issued shares in the company. Total purchase price is 322,911,712 ISK. Buyback under the programme will amount to a maximum of 50,000,000 shares, or now the equivalent of 2.5% of issued shares.
The buyback programme is in effect from 21 October 2019 until and including 14 February 2020.
The buyback programme was executed in accordance with Chapter VIII. of Act No. 2/1995 on Public Limited Companies and Chapter II of the Annex to Regulation No. 630/2005 on Inside Information and Market Abuse, “Trade in own shares under buy-back programmes and the stabilisation of financial instruments”, with later amendments.
Further information: Halldór Karl Högnason, Head of Treasury via tel. (+354) 540 3200.