Brief: Arion Bank Share Buy-Back Program Continued

Arion banki hf

16/12/2021 07:34

Dec 16 (Reuters) - Arion banki hf  ARION.IC :
    * ARION BANK: SHARE BUY-BACK PROGRAM CONTINUED
    * DECIDED TO EXERCISE IN FULL AUTHORIZATION GRANTED BY
FINANCIAL
SUPERVISORY AUTHORITY OF CENTRAL BANK OF ICELAND WHICH HAS ALSO
BEEN APPROVED BY ARION BANK'S BOARD OF DIRECTORS
    * TOTAL REPURCHASE AUTHORIZATION WILL THEREFORE INCREASE
FROM ISK
5 BILLION TO ISK 10 BILLION UNDER PROGRAM
    * BANK MAY PURCHASE UP TO 54,490,370 SHARES/SDRS IN TOTAL
UNDER
PROGRAM
    * TOTAL CONSIDERATION REPURCHASED SHALL NOT EXCEED ISK 10
BILLION
    * PROGRAM WILL THEREFORE CONTINUE AND END NO LATER THAN 16
MARCH
2022

Source text for Eikon:  ID:nMFN6d27Yz 
Further company coverage:  ARION.IC 

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