Published: 2017-05-12 11:03:38 CEST
Icelandair Group hf.
Changes in company's own shares

Transactions in relation to share repurchase program – repurchase is completed

In Week 19 2017, Icelandair Group hf. (The “Company”) purchased 6,410,318 of its own shares. The total purchase price is ISK 103,325,111, as detailed below:   

 

     Own shares at the beginning of period 132,589,682
     Purchased at nominal value in week 19 6,410,318
     Total turnover in week 19   103,325,111
           
           
Date Time  No. of shares bought  Shareprice  Turnover  No. of own shares after the transaction
8/5/2017 09:43 1,000,000 16.15 16,150,000 133,589,682
8/5/2017 10:23 938,000 16.15 15,148,700 134,527,682
8/5/2017 10:34 62,000 16.15 1,001,300 134,589,682
8/5/2017 11:10 990,500 16.15 15,996,575 135,580,182
8/5/2017 14:48 9,500 16.15 153,425 135,589,682
8/5/2017 15:17 1,000,000 16.00 16,000,000 136,589,682
9/5/2017 09:54 1,000,000 16.05 16,050,000 137,589,682
9/5/2017 14:40 500 16.10 8,050 137,590,182
10/5/2017 09:31 970,000 16.20 15,714,000 138,560,182
10/5/2017 10:35 30,000 16.15 484,500 138,590,182
11/5/2017 10:25 409,818 16.15 6,618,561 139,000,000

 

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 place according to an announcement published in NASDAQ Iceland on the 20th of February 2017.

The repurchase is completed.

As stated in an announcement published in NASDAQ Iceland on the 20 February 2017, the Annual General Meeting authorized the Board of Directors permission to execute a share repurchase program where up to 10% of the Company‘s shares would be purchased within a period of 18 months. The share repurchase would at most amount to 114 million shares or 2.28% of the total share capital.  The Company has acquired 114,000,000 of its own shares under the program, which corresponds to 2.28% of the total share capital and the total value of repurchased shares amounts to ISK 1,661,829,569. The Company’s share repurchase based on the share repurchase program is now completed.

The share repurchase program was 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.