Company announcement


 

Announcement no. 29/2018
                                                                                                                                           

BankNordik share buy-back programme: Transactions week 33

On August 10, 2018 BankNordik announced a share buy-back programme. The programme is being carried out under Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 and the Commission’s delegated regulation (EU) 2016/1052 of 8 March 2016 (also referred to as the Safe Harbour rules), which ensures that BankNordik is protected against violation of insider legislation in relation to the share buyback programme.

The share buyback programme runs from 6 August 2018 to 30 March 2019. In this period BankNordik will acquire shares with a value of up to DKK 15.0 million, with a maximum of up to 10% of the company’s share capital.

Since the announcement as of 6 August 2018, the following transactions have been made under the program:

 Number of sharesAverage
purchase price		Transaction value in DKK
Accumulated, last announcement1,485112.48167,040
10 August 2018640115.5073,920
13 August 2018730115.0083,950
14 August 2018710115.0081,650
15 August 2018735113.5083,423
16 August 2018750111.0083,250
Accumulated under the programme5,050113.51573,233

With the transactions stated above, BankNordik holds a total of 343,059 of treasury shares, excluding investments made on behalf of customers and shares held for trading purposes, corresponding to 3.43% of the share capital.


In accordance with the Commission’s delegated regulation (EU) 2016/1052 of 8 March 2016 the share buy-back transactions data is presented in detail form here:

FilledInstrumentPriceTraded onEx.
470BNORDIK-CSE.CO115.5020180810 09:06:22.109650XCSE
54BNORDIK-CSE.CO115.5020180810 09:33:28.709425XCSE
116BNORDIK-CSE.CO115.5020180810 09:57:25.739439XCSE
 
FilledInstrumentPriceTraded onEx.
651BNORDIK-CSE.CO115.0020180813 10:00:17.926014XCSE
79BNORDIK-CSE.CO115.0020180813 10:05:06.670918XCSE
 
FilledFilledFilledFilledFilled
132BNORDIK-CSE.CO115.0020180814 11:20:54.618370XCSE
578BNORDIK-CSE.CO115.0020180814 11:20:54.618370XCSE
 
FilledFilledFilledFilledFilled
660BNORDIK-CSE.CO113.5020180815 11:16:10.014958XCSE
75BNORDIK-CSE.CO113.5020180815 11:17:49.915901XCSE
 
FilledFilledFilledFilledFilled
750BNORDIK-CSE.CO111.0020180816 09:14:34.806398XCSE


Further information:
Árni Ellefsen, CEO, tel. (+298) 230 348


BankNordik has banking activities in Denmark, Greenland and the Faroe Islands and insurance activities in the Faroe Islands. Founded in the Faroe Islands more than a century ago, the Group has total assets of DKK 16.7bn and 390 employees. The Bank is subject to the supervision of the Danish Financial Supervisory Authority and is listed on Nasdaq Copenhagen.