Published: 2017-04-09 21:53:41 CEST
Icelandair Group hf.
Changes in the rights attached to the classes of shares or securities

Transactions in relation to share repurchase program – week 14

In Week 14 2017, Icelandair Group hf. (The “Company”) purchased 11,683,301 of its own shares. The total purchase price is ISK 159,800,159, as detailed below:   

  

     Own shares at the beginning of period                    99,321,344    
     Purchased at nominal value in week 14                    11,683,301    
     Total turnover in week 14                     159,800,159    
           
           
Date Time  No. of shares bought  Shareprice  Turnover  No. of own shares after the transaction
3/4/2017 09:59           4,107                   13.93               57,211                        99,325,451    
3/4/2017 11:42         59,000                   14.00             826,000                        99,384,451    
3/4/2017 14:01       995,893                   13.90        13,842,913                       100,380,344    
3/4/2017 15:23    1,000,000                   13.85        13,850,000                       101,380,344    
4/4/2017 10:58    1,000,000                   13.85        13,850,000                       102,380,344    
4/4/2017 12:06    1,000,000                   13.81        13,810,000                       103,380,344    
5/4/2017 13:49       990,000                   13.75        13,612,500                       104,370,344    
6/4/2017 09:30    1,000,000                   13.70        13,700,000                       105,370,344    
6/4/2017 09:36    1,000,000                   13.55        13,550,000                       106,370,344    
6/4/2017 10:03    1,000,000                   13.54        13,540,000                       107,370,344    
6/4/2017 10:23    1,000,000                   13.54        13,540,000                       108,370,344    
6/4/2017 14:03       670,000                   13.47          9,024,900                       109,040,344    
7/4/2017 10:20    1,000,000                   13.54        13,540,000                       110,040,344    
7/4/2017 14:26       928,301                   13.54        12,569,196                       110,968,645    
7/4/2017 14:26         36,000                   13.54             487,440                       111,004,645    

 

Prior to the aforementioned share repurchase, the Company owned 99,321,344  of its own shares but now owns 111,004,645 of its own shares, corresponding to 2.22% 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 86,004,645 of its own shares under the program which corresponds to 1.72% of the total share capital and the total value of repurchased shares amounts to ISK 1,254,243,681. 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.