Kvika Bank’s Successful Share Buyback and Financial Updates

Author: Dylan Bailey Updated: 04-07-2025 11:32 AM

Kvika Bank's Share Buyback Program Overview

Kvika banki hf. (‘Kvika’ or ‘the bank’) recently engaged in a significant buyback program that included the acquisition of 28 million shares, amounting to a total investment of ISK 426,600,000. This initiative is part of the bank's strategy to enhance shareholder value and optimize capital structure.

Details of Recent Share Purchases

In week 14, Kvika successfully completed multiple transactions regarding its share buyback program. The table below illustrates the specifics of these transactions:

Date: 31.3.2025
Time: 09:35:36
No. of Shares Purchased: 2,000,000
Share Price: 15.55 ISK
Purchase Price: 31,100,000 ISK

Date: 31.3.2025
Time: 12:49:58
No. of Shares Purchased: 1,000,000
Share Price: 15.50 ISK
Purchase Price: 15,500,000 ISK

This trend of acquiring shares continued throughout the week, displaying a strategic approach to market positioning.

Impact on Shares and Capital Structure

As of the latest shareholder meeting, Kvika has accumulated a total of 70,647,962 shares through this buyback program, which is approximately 0.605% of issued shares. Importantly, during the Annual General Meeting—held recently—shareholders consented to a share capital reduction of ISK 91,073,340. This decision corresponds to an equal amount of treasury shares, further reinforcing the bank’s commitment to improving organizational efficiency.

Future Directions for Kvika Bank

The buyback program is capped off at a maximum purchase price of ISK 2,500,000,000, indicating a thoughtful approach to financial management. Following the buybacks and subsequent capital reduction, Kvika now retains 41,467,963 of its shares, equivalent to 0.895% of the total shares issued in the market.

Kvika's share buyback program is ongoing and will be in place until the next annual general meeting in 2026. Compliance with the Act on Public Limited Companies and relevant EU regulations ensures that these activities align with market best practices and standards.

Investor Relations Contact

For more information and inquiries, investors and interested parties can reach out to Kvika’s investor relations at ir@kvika.is.

Frequently Asked Questions

What isKvica Bank's recent buyback program?

Kvika Bank has executed a share buyback program, purchasing 28 million shares to enhance shareholder value.

How many shares has Kvika Bank bought back so far?

To date, the bank has bought back 70,647,962 shares under the program.

What changes occurred to Kvika's share capital?

Kvika's shareholders approved a reduction of ISK 91,073,340 in share capital, corresponding to an equal number of treasury shares.

What is the maximum purchase price for the buyback program?

The maximum amount allocated for the buyback program is ISK 2,500,000,000.

Who can be contacted for more information about the buyback?

For more details, stakeholders can reach Kvika’s investor relations at ir@kvika.is.

About The Author

My name is Dylan Bailey, and I am 28 years old. I am an author and an expert on the stock market who specializes in publicly traded companies. Early fascination with the stock market inspired me to seek a finance degree and then delve deeply into the world of stocks. I have developed over the years my abilities to spot investment prospects, assess business performance, and analyze market trends.

My books and articles try to help regular investors understand the nuances of the stock market. Anyone can, in my opinion, make wise investment choices and succeed financially if they have the correct information and resources. In my writing, I combine in-depth research with practical insights and advice that can be put into action. This is done with the intention of assisting readers in navigating the constantly shifting landscape of publicly traded companies.

In addition to writing, I also host webinars and workshops, where I give presentations and share my knowledge with a wider audience. I also write for top financial journals and show up as a guest analyst on financial news shows. I like to travel, spend time with my family, and keep active by playing different sports when I'm not buried in market research.

My goal is to enable people to choose wisely and consciously in their investments, so taking charge of their financial futures. By my work, I hope to create a community of informed and self-assured investors prepared to take advantage of the chances presented by the stock market.

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