Published: 2017-03-27 17:50:57 CEST
Icelandair Group hf.
Changes in company's own shares

Transactions in relation to share repurchase program – week 12

In Week 12 2017, Icelandair Group hf. (The “Company”) purchased 12,799,106 of its own shares. The total purchase price is ISK 184,460,557, as detailed below:

   

     Own shares at the beginning of period                             82,336,255    
     Purchased at nominal value in week 12                             12,799,106    
     Total turnover in week 12                             184,460,557    
           
           
Date Time  No. of shares bought   Shareprice   Turnover   No. of own shares after the transaction 
20/3/2017 10:22             408,203                        14.45                5,898,533                                82,744,458    
20/3/2017 13:10             655,203                        14.45                9,467,683                                83,399,661    
20/3/2017 14:27          1,000,000                        14.35              14,350,000                                84,399,661    
20/3/2017 14:31          1,000,000                        14.24              14,240,000                                85,399,661    
21/3/2017 13:16               75,700                        14.20                1,074,940                                85,475,361    
22/3/2017 10:29          1,000,000                        14.08              14,080,000                                86,475,361    
22/3/2017 11:05          1,000,000                        14.10              14,100,000                                87,475,361    
22/3/2017 13:33          1,000,000                        14.18              14,180,000                                88,475,361    
22/3/2017 14:36          1,000,000                        14.20              14,200,000                                89,475,361    
23/3/2017 10:26          1,000,000                        14.70              14,700,000                                90,475,361    
23/3/2017 10:53          1,000,000                        14.67              14,670,000                                91,475,361    
23/3/2017 11:23             400,000                        14.70                5,880,000                                91,875,361    
23/3/2017 11:28          1,000,000                        14.60              14,600,000                                92,875,361    
23/3/2017 15:15             160,000                        14.69                2,350,400                                93,035,361    
23/3/2017 15:15             100,000                        14.69                1,469,000                                93,135,361    
24/3/2017 09:33          1,000,000                        14.60              14,600,000                                94,135,361    
24/3/2017 09:42          1,000,000                        14.60              14,600,000                                95,135,361    

Prior to the aforementioned share repurchase, the Company owned 82,336,255 of its own shares but now owns 95,135,361 of its own shares, corresponding to 1.90% 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 70,135,361 of its own shares under the program which corresponds to 1.40% of the total share capital and the total value of repurchased shares amounts to ISK 1,034,952,685. 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.