Brief: Arion Banki Share Buy-Back Program Approved By Board Of Directors

Arion banki hf

26/09/2019 09:54

Sept 26 (Reuters) - Arion banki hf  ARION.IC :
    * SHARE BUY-BACK PROGRAM APPROVED BY BOARD OF DIRECTORS
    * BANK MAY PURCHASE UP TO 59,000,000 SHARES IN TOTAL UNDER
PROGRAMS CORRESPONDING TO 3.25% OF CURRENT ISSUED SHARE CAPITAL
    * PURCHASE PRICE SHALL NOT BE HIGHER THAN PRICE OF LAST
INDEPENDENT TRADE OR HIGHEST CURRENT INDEPENDENT BID, WHICHEVER
IS HIGHER, ON REGULATED MARKET WHERE TRANSACTION IS CARRIED OUT
    * PROGRAMS SHALL END NO LATER THAN 17 MARCH 2020 BUT CEO IS
ENTITLED TO DISCONTINUE PROGRAMS AT ANY TIME
    * TOTAL CONSIDERATION PURCHASED UNDER PROGRAMS SHALL NOT
EXCEED
ISK 4.5 BILLION

Source text for Eikon:  ID:nGNE5prntg 
Further company coverage:  ARION.IC 

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