Brief: Islandsbanki Announces New Round Of Buyback

Islandsbanki hf

30/01/2024 08:29

Jan 30(Reuters) - Islandsbanki hf  ISB.IC :
    * SAID ON MONDAY THE BANK INTENDS TO CONTINUE WITH THE SHARE
REPURCHASE PROGRAMME ANNOUNCED FEB 17, DEC 12 WITH THE PURPOSE
OF REDUCING THE BANK'S SHARE CAPITAL
    * IN THIS INSTANCE, THE BANK AIMS TO REPURCHASE A MAXIMUM OF
9.5
MILLION OWN SHARES EQUIVALENT TO 0.475% OF ISSUED SHARES
    * THE TOTAL PURCHASE PRICE FOR REPURCHASED SHARES IN THIS
INSTANCE
SHALL NOT EXCEED ISK 1,000,000,000 IN TOTAL
    * REPURCHASES WILL LAUNCH ON 30 JAN 2024 AND REMAIN IN FORCE
UNTIL
20 MARCH 2024, UNLESS THE CONDITIONS MET EARLIER



        
 Source text for Eikon:  urn:newsml:reuters.com:*:nMFN7gB8sG
 Further company coverage:  ISB.IC  

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