Published: 2018-03-09 17:37:16 CET
Icelandair Group hf.
Other information disclosed according to the rules of the Exchange

Icelandair Group hf.: Transactions in relation to share repurchase program

In Week 10 2018, Icelandair Group hf. (The “Company”) purchased 21,197,337 of its own shares. The total purchase price is ISK 338,744,072, as detailed below:

Date Time Purchased shares Share price Turnover No. of own shares after  transaction
5.3.2018 14:00         5.000.000     16,25         81.250.000          144.460.000    
5.3.2018 14:19               40.232     16,25               653.770          144.500.232    
6.3.2018 10:16         2.000.000     16,30         32.600.000          146.500.232    
6.3.2018 11:00         1.000.000     16,30         16.300.000          147.500.232    
7.3.2018 09:30            500.000     15,80           7.900.000          148.000.232    
7.3.2018 09:30            500.000     15,80           7.900.000          148.500.232    
7.3.2018 09:31         1.000.000     15,75         15.750.000          149.500.232    
7.3.2018 09:47         1.000.000     15,85         15.850.000          150.500.232    
7.3.2018 09:47         2.040.232     15,85         32.337.677          152.540.464    
8.3.2018 09:48         3.000.000     15,95         47.850.000          155.540.464    
8.3.2018 10:43         2.040.232     15,90         32.439.689          157.580.696    
9.3.2018 12:33               76.641     15,50           1.187.936          157.657.337    
9.3.2018 14:16         3.000.000     15,58         46.725.000          160.657.337    

Prior to the aforementioned share repurchase, the Company owned 139,460,000 of its own shares but now owns 160,657,337 of its own shares, corresponding to 3.21% 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 3rd of March 2017 and has been put in motion according to an announcement published in NASDAQ Iceland on the 1st of March 2018.

Icelandair Group hf. has acquired 21,197,337 of its own shares under the program which corresponds to 0.42% of the total share capital and the total value of repurchased shares amounts to ISK 338,744,072. According to the program, The Company may not purchase more than 50,000,000 of its own shares, corresponding to 1.00% of the total share capital. The total consideration for shares under the program shall not exceed ISK 750 million. The share repurchase program is valid until September 3rd 2018 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