Published: 2017-03-06 16:34:58 CET
Icelandair Group hf.
Changes in company's own shares

Transactions in relation to share repurchase program - week 9 2017

In Week 9 2017, Icelandair Group hf. (The “Company”) purchased 16,335,878 of its own shares. The total purchase price is ISK 246,387,551, as detailed below:

   

     Own shares at the beginning of period                     36,000,000    
     Purchased at nominal value in week 9                     16,335,878    
     Total turnover in week 9                      246,387,551    
           
           
Date Time  No. of shares bought   Shareprice   Turnover   No. of own shares
after the transaction
27/2/2017 09:49    1,000,000               15.50        15,500,000                        37,000,000    
27/2/2017 10:14    1,000,000               15.25        15,250,000                        38,000,000    
27/2/2017 10:20    1,000,000               15.10        15,100,000                        39,000,000    
27/2/2017 10:42    1,000,000               15.00        15,000,000                        40,000,000    
27/2/2017 14:50       670,000               15.10        10,117,000                        40,670,000    
28/2/2017 14:33    1,000,000               15.15        15,150,000                        41,670,000    
28/2/2017 15:18       145,000               14.91          2,161,950                        41,815,000    
1/3/2017 09:39       995,500               14.90        14,832,950                        42,810,500    
1/3/2017 11:36    1,000,000               14.85        14,850,000                        43,810,500    
1/3/2017 14:38    1,004,500               14.81        14,876,645                        44,815,000    
2/3/2017 10:17    1,000,000               15.00        15,000,000                        45,815,000    
2/3/2017 13:12         83,352               14.86          1,238,611                        45,898,352    
2/3/2017 14:56       500,000               15.00          7,500,000                        46,398,352    
2/3/2017 15:13    2,000,000               14.98        29,960,000                        48,398,352    
3/3/2017 11:26       437,526               15.20          6,650,395                        48,835,878    
3/3/2017 11:26       500,000               15.20          7,600,000                        49,335,878    
3/3/2017 11:26    1,000,000               15.20        15,200,000                        50,335,878    
3/3/2017 12:07    1,000,000               15.20        15,200,000                        51,335,878    
3/3/2017 12:14    1,000,000               15.20        15,200,000                        52,335,878    

  

Prior to the aforementioned share repurchase, the Company owned 36,000,000 of its own shares but now owns 52,335,878 of its own shares, corresponding to 1.05% of the Company‘s total share capital.

The trade is in accordance with a share repurchase program authorized by the Annual General Meeting on the 10th of March 2016 and has been put in motion according to an announcement published in NASDAQ Iceland on the 20th of February 2017.

Icelandair Group hf. has acquired 27,335,878 of its own shares under the program which corresponds to 0.55% of the total share capital and the total value of repurchased shares amounts to ISK 423,041,952. According to the program, The Company may not purchase more than 114,000,000 of its own shares, corresponding to 2.28% of the total share capital. The total consideration for shares under the program shall not exceed ISK 1,700 million. The share repurchase program is valid until September 8th 2017 or until the total allowed amount of shares are purchased by the Company, whichever happens first.

The share repurchase program is 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, with later amendments.

 

For further information, please contact:

Bogi Nils Bogason, CFO
bogi@icelandairgroup.is
Tel: +354 665 8801