Reference is made to an announcement from Íslandsbanki hf., published 7 July 2025 on the implementation of a share repurchase programme relating to own shares. In week 29 Íslandsbanki hf. (the Bank) purchased in total 4,539,890 own shares for the total amount of ISK 552,794,496 as further listed in this announcement.
In week 29 Íslandsbanki hf. (the Bank) purchased in total 4,539,890 own shares for the total amount of ISK 552,794,496 as follows:
| Date | Time | Purchased shares | Price per share | Purchase Price (ISK) | Total own shares |
| 14.7.25 | 10:12 | 195,050 | 119.25 | 23,259,713 | 12,684,698 |
| 14.7.25 | 11:09 | 87,745 | 119.50 | 10,485,528 | 12,772,443 |
| 14.7.25 | 11:15 | 12,000 | 119.50 | 1,434,000 | 12,784,443 |
| 14.7.25 | 11:16 | 9,000 | 119.50 | 1,075,500 | 12,793,443 |
| 14.7.25 | 11:27 | 2,815 | 119.50 | 336,393 | 12,796,258 |
| 14.7.25 | 11:40 | 1,876 | 119.50 | 224,182 | 12,798,134 |
| 14.7.25 | 11:41 | 7,038 | 119.50 | 841,041 | 12,805,172 |
| 14.7.25 | 11:47 | 9,384 | 119.50 | 1,121,388 | 12,814,556 |
| 14.7.25 | 11:48 | 1,748 | 119.50 | 208,886 | 12,816,304 |
| 14.7.25 | 11:58 | 1,000 | 119.50 | 119,500 | 12,817,304 |
| 14.7.25 | 12:05 | 9,384 | 119.50 | 1,121,388 | 12,826,688 |
| 14.7.25 | 12:10 | 3,347 | 119.50 | 399,967 | 12,830,035 |
| 14.7.25 | 12:13 | 1,013 | 119.50 | 121,054 | 12,831,048 |
| 14.7.25 | 12:19 | 938 | 119.50 | 112,091 | 12,831,986 |
| 14.7.25 | 12:20 | 3,753 | 119.50 | 448,484 | 12,835,739 |
| 14.7.25 | 12:20 | 92,905 | 119.50 | 11,102,148 | 12,928,644 |
| 14.7.25 | 12:21 | 6,054 | 119.50 | 723,453 | 12,934,698 |
| 14.7.25 | 15:16 | 200,000 | 119.50 | 23,900,000 | 13,134,698 |
| 14.7.25 | 15:25 | 23,460 | 119.50 | 2,803,470 | 13,158,158 |
| 15.7.25 | 12:20 | 6,457 | 119.50 | 771,612 | 13,164,615 |
| 15.7.25 | 12:31 | 3,347 | 119.50 | 399,967 | 13,167,962 |
| 15.7.25 | 12:33 | 2,000 | 119.50 | 239,000 | 13,169,962 |
| 15.7.25 | 12:53 | 40,812 | 119.50 | 4,877,034 | 13,210,774 |
| 15.7.25 | 12:54 | 2,346 | 119.50 | 280,347 | 13,213,120 |
| 15.7.25 | 13:00 | 7,507 | 119.50 | 897,087 | 13,220,627 |
| 15.7.25 | 13:09 | 9,384 | 119.50 | 1,121,388 | 13,230,011 |
| 15.7.25 | 14:03 | 3,436 | 120.00 | 412,320 | 13,233,447 |
| 15.7.25 | 14:14 | 31,427 | 120.00 | 3,771,240 | 13,264,874 |
| 15.7.25 | 14:14 | 3,000 | 120.00 | 360,000 | 13,267,874 |
| 15.7.25 | 14:22 | 1,876 | 120.00 | 225,120 | 13,269,750 |
| 15.7.25 | 14:20 | 9,384 | 120.00 | 1,126,080 | 13,279,134 |
| 15.7.25 | 14:20 | 1,876 | 120.00 | 225,120 | 13,281,010 |
| 15.7.25 | 14:19 | 50,430 | 120.00 | 6,051,600 | 13,331,440 |
| 15.7.25 | 14:24 | 48,566 | 120.00 | 5,827,920 | 13,380,006 |
| 15.7.25 | 14:24 | 28,152 | 120.00 | 3,378,240 | 13,408,158 |
| 15.7.25 | 15:21 | 300,000 | 120.50 | 36,150,000 | 13,708,158 |
| 16.7.25 | 10:31 | 304 | 122.50 | 37,240 | 13,708,462 |
| 16.7.25 | 10:31 | 18,768 | 122.50 | 2,299,080 | 13,727,230 |
| 16.7.25 | 10:34 | 8,211 | 122.50 | 1,005,848 | 13,735,441 |
| 16.7.25 | 10:42 | 140,772 | 122.50 | 17,244,570 | 13,876,213 |
| 16.7.25 | 10:43 | 18,768 | 122.50 | 2,299,080 | 13,894,981 |
| 16.7.25 | 10:43 | 18,768 | 122.50 | 2,299,080 | 13,913,749 |
| 16.7.25 | 10:45 | 18,768 | 122.50 | 2,299,080 | 13,932,517 |
| 16.7.25 | 10:45 | 25,641 | 122.50 | 3,141,023 | 13,958,158 |
| 16.7.25 | 15:15 | 500,000 | 122.25 | 61,125,000 | 14,458,158 |
| 17.7.25 | 11:29 | 500,000 | 122.25 | 61,125,000 | 14,958,158 |
| 17.7.25 | 11:32 | 2,704 | 122.00 | 329,888 | 14,960,862 |
| 17.7.25 | 11:38 | 9,384 | 122.00 | 1,144,848 | 14,970,246 |
| 17.7.25 | 11:41 | 9,384 | 122.00 | 1,144,848 | 14,979,630 |
| 17.7.25 | 11:47 | 4,692 | 122.00 | 572,424 | 14,984,322 |
| 17.7.25 | 11:47 | 4,149 | 122.00 | 506,178 | 14,988,471 |
| 17.7.25 | 11:47 | 2,017 | 122.00 | 246,074 | 14,990,488 |
| 17.7.25 | 12:03 | 2,000 | 122.00 | 244,000 | 14,992,488 |
| 17.7.25 | 12:04 | 16,921 | 122.00 | 2,064,362 | 15,009,409 |
| 17.7.25 | 12:06 | 4,692 | 122.00 | 572,424 | 15,014,101 |
| 17.7.25 | 12:06 | 1,876 | 122.00 | 228,872 | 15,015,977 |
| 17.7.25 | 12:14 | 4,692 | 122.00 | 572,424 | 15,020,669 |
| 17.7.25 | 12:33 | 853 | 122.00 | 104,066 | 15,021,522 |
| 17.7.25 | 12:34 | 18,768 | 122.00 | 2,289,696 | 15,040,290 |
| 17.7.25 | 12:37 | 6,442 | 122.00 | 785,924 | 15,046,732 |
| 17.7.25 | 12:37 | 4,692 | 122.00 | 572,424 | 15,051,424 |
| 17.7.25 | 12:37 | 11,066 | 122.00 | 1,350,052 | 15,062,490 |
| 17.7.25 | 12:40 | 14,076 | 122.00 | 1,717,272 | 15,076,566 |
| 17.7.25 | 12:43 | 10,638 | 122.00 | 1,297,836 | 15,087,204 |
| 17.7.25 | 12:44 | 1,000 | 122.00 | 122,000 | 15,088,204 |
| 17.7.25 | 12:53 | 37,536 | 122.00 | 4,579,392 | 15,125,740 |
| 17.7.25 | 12:55 | 1,407 | 122.00 | 171,654 | 15,127,147 |
| 17.7.25 | 12:55 | 18,768 | 122.00 | 2,289,696 | 15,145,915 |
| 17.7.25 | 12:56 | 9,384 | 122.00 | 1,144,848 | 15,155,299 |
| 17.7.25 | 13:00 | 50,000 | 122.00 | 6,100,000 | 15,205,299 |
| 17.7.25 | 13:11 | 2,859 | 122.00 | 348,798 | 15,208,158 |
| 17.7.25 | 14:31 | 500,000 | 122.25 | 61,125,000 | 15,708,158 |
| 17.7.25 | 15:06 | 250,000 | 122.25 | 30,562,500 | 15,958,158 |
| 18.7.25 | 11:36 | 500,000 | 122.50 | 61,250,000 | 16,458,158 |
| 18.7.25 | 14:30 | 36,148 | 123.00 | 4,446,204 | 16,494,306 |
| 18.7.25 | 14:33 | 10,365 | 123.00 | 1,274,895 | 16,504,671 |
| 18.7.25 | 14:48 | 8,445 | 123.00 | 1,038,735 | 16,513,116 |
| 18.7.25 | 14:39 | 9,384 | 123.00 | 1,154,232 | 16,522,500 |
| 18.7.25 | 14:52 | 500,000 | 123.50 | 61,750,000 | 17,022,500 |
| 18.7.25 | 14:54 | 2,346 | 123.00 | 288,558 | 17,024,846 |
| 18.7.25 | 14:57 | 4,692 | 123.00 | 577,116 | 17,029,538 |
| Total week 29 | 4,539,890 | 552,794,496 |
Before the above purchase in week 29 the Bank owned 12,489,648 own shares, or 0.66% of issued shares. During this round of repurchase of own shares the Bank has purchased in total 10,109,538 own shares or 0.54% of issued shares, and the total purchase price thereunder is ISK 1,217,117,432. With transactions on 16 July 2025 the Bank concluded repurchases pursuant to the ISK 10 billion repurchase programme which implementation was announced on 14 June 2024. The Bank’s share buybacks in the current round of buybacks from and including 17 July 2025 are pursuant to the ISK 15 billion repurchase programme announced on 7 July 2025.
This round of share buybacks aims to repurchase own shares of the maximum amount of 26 million shares or 1.38% of issued shares, the total purchase price for repurchased shares however not exceeding ISK 3,000,000,000 in total. This round of share buybacks commenced on 8 July 2025 and remains in force until 30 September 2025, unless the conditions on the maximum amount of shares or purchase price is met before that time.
The Bank holds a total of 17,029,538 own shares, or 0.91% of issued shares.
The share repurchase programme will be carried out in accordance with the applicable law, including the Act on limited liability companies No. 2/1995, Regulation No. 596/2014 of the European Parliament and of the Council on market abuse, Commission delegated regulation (EU) 2016/1052 of 8 March 2016, the Act on Measures Against Market Abuse No. 60/2021 and rules 1275/2024 on the same subject. The approval of the Financial Supervisory Authority of the Central Bank of Iceland for the Bank's repurchase of own shares has been obtained.
For further information please contact:
Investor Relations - Bjarney Anna Bjarnadóttir, ir@islandsbanki.is
Public Relations - Edda Hermannsdóttir, pr@islandsbanki.is