Published: 2017-03-13 17:18:11 CET
Icelandair Group hf.
Changes in company's own shares

Transactions in relation to share repurchase program – week 10

In Week 10 2017, Icelandair Group hf. (The “Company”) purchased 16,065,982 of its own shares. The total purchase price is ISK 228,554,155, as detailed below:

 

     Own shares at the beginning of week 10                   52,335,878    
     Purchased at nominal value in week 10                    16,065,982    
     Total turnover in week 10                    228,554,155    
           
           
Date Time  No. of shares bought   Shareprice   Turnover   No. of own shares after the transaction 
6/3/2017 11:24    1,000,000              15.10        15,100,000                       53,335,878    
6/3/2017 13:48      919,167              14.91        13,704,780                       54,255,045    
6/3/2017 14:14        80,833              14.90         1,204,412                       54,335,878    
6/3/2017 15:29      830,812              14.80        12,296,018                       55,166,690    
7/3/2017 09:35    1,000,000              14.28        14,280,000                       56,166,690    
7/3/2017 09:35    1,000,000              14.27        14,270,000                       57,166,690    
7/3/2017 09:36    1,000,000              14.22        14,220,000                       58,166,690    
7/3/2017 09:52    1,000,000              14.20        14,200,000                       59,166,690    
7/3/2017 12:35        88,665              14.30         1,267,910                       59,255,355    
7/3/2017 13:47      581,335              14.25         8,284,024                       59,836,690    
8/3/2017 13:13    1,000,000              14.16        14,160,000                       60,836,690    
8/3/2017 14:19      578,650              14.05         8,130,033                       61,415,340    
9/3/2017 10:22    1,000,000              14.04        14,040,000                       62,415,340    
9/3/2017 10:33      849,776              14.00        11,896,864                       63,265,116    
9/3/2017 10:39      150,224              13.99         2,101,634                       63,415,340    
9/3/2017 13:16        78,311              13.93         1,090,872                       63,493,651    
9/3/2017 13:57      878,209              14.05        12,338,836                       64,371,860    
9/3/2017 15:19      730,000              13.94        10,176,200                       65,101,860    
10/3/2017 11:30    1,000,000              13.95        13,950,000                       66,101,860    
10/3/2017 15:07      440,700              13.95         6,147,765                       66,542,560    
10/3/2017 15:10      200,000              13.91         2,782,000                       66,742,560    
10/3/2017 15:14        36,209              13.90            503,305                       66,778,769    
10/3/2017 15:15      323,091              13.88         4,484,503                       67,101,860    
10/3/2017 15:16    1,000,000              13.80        13,800,000                       68,101,860    
10/3/2017 15:23      300,000              13.75         4,125,000                       68,401,860    

Prior to the aforementioned share repurchase, the Company owned 52,335,878 of its own shares but now owns 68,401,860 of its own shares, corresponding to 1.37% 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 42,901,860 of its own shares under the program which corresponds to 0.86% of the total share capital and the total value of repurchased shares amounts to ISK 651,596,106. 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.