Acquisition by Landsbankinn of own shares under a buy-back programme - end of acquisition period
On 6 December 2018, Landsbankinn announced that the Bank would offer to purchase shares from shareholders under the terms of a buy-back programme during the period 10 December 2018 to 20 December 2018. During the period, Landsbankinn acquired a total of 14,995,121 own shares at a share price of 9.9787, for the total amount of ISK 149,631,819.
Prior to the repurchase period, Landsbankinn held around 360.5 of own shares. At its conclusion, the Bank holds around 375.5 of own shares, or the equivalent of around 1.56% of issued share capital in the Bank.
Buy-backs under the programme were authorised to amount to a maximum of 72.5 million shares, or the equivalent of around 0.3% of issued share capital.
None of the Bank’s managing directors sold shares in the Bank during the repurchase period.