Kvika banki hfOMXICE: KVIKA

Kvika banki hf.: Transaction in relation to a share buy-back programme

· Issued by Kvika banki hf via GlobeNewswire

Summary by 6ix AI

Kvika banki hf., a bank, bought back 17,600,000 of its own shares between October 12 and October 16, 2026 (week 42) for a total purchase price of ISK 215,845,000, under its share buyback programme.

Key details

  • The shares were bought in six trades at share prices between ISK 12,15 and ISK 12,35 per share.
  • Kvika has now bought a total of 55,395,000 shares under the programme, equal to 1.279% of issued shares, for a total purchase price of ISK 681,787,875.
  • After these transactions, Kvika holds 97,131,460 of its own shares, equal to 2.243% of issued shares.
  • The programme was announced on September 11, 2026, based on authorisation from the bank's Annual General Meeting on March 18, 2026.

What’s still pending

  • Buybacks under the programme are limited to an aggregate purchase price of up to ISK 1,540,550,041 and no more than 165,500,003 shares.
  • The programme runs until either limit is reached, whichever comes first, but no later than April 30, 2027.

6ix AI wrote this summary from the release below and checked it against the release.

On 6ix: 6ix.com/news/kvika-banki-hf-transaction-in-relation-to-a-share-buy-back-programme-2

In week 42 Kvika banki hf. purchased 17,600,000 of its own shares at the purchase price ISK 215,845,000. See further details below: 

Date Time No. of shares Share price Purchase price 
12.10.2026 14:49:38             4.800.000      12,35          59.280.000      
13.10.2026 14:20:11             4.900.000      12,2          59.780.000      
14.10.2026 09:33:02             2.000.000      12,15          24.300.000      
14.10.2026 12:54:02                 900.000      12,15          10.935.000      
16.10.2026 10:38:45             2.000.000      12,25          24.500.000      
16.10.2026 14:13:56             3.000.000      12,35          37.050.000      
Total  17,600,000  215,845,000 

The trade is in accordance with Kvika‘s buyback programme, announced on 11 September 2026, based on the authorisation of the bank’s Annual General Meeting on 18 March 2026.  

Kvika has now purchased a total of 55,395,000 shares under the buyback programme, which corresponds to 1.279% of issued shares in the company. The total purchase price is ISK 681,787,875. Following these transactions Kvika holds 97,131,460 of own shares which corresponds to 2.243% of issued shares.  

Buyback under the programme will be limited to an aggregate purchase price of up to ISK 1,540,550,041 and no more than 165,500,003 shares. 

The buyback programme will remain in effect until shares have been repurchased for an aggregate consideration of ISK 1,540,550,041 or 165,500,003 shares have been acquired, whichever occurs first, but no later than 30 April 2027. 

The execution of the buy-back programme must comply with Act on Public Limited Companies. No. 2/1995. In addition. the buy-back programme must be implemented as provided for in the Regulation of the European Parliament and of the Council no. 596/2014. on market abuse. as well as the Commission Delegated Regulation (EU) 2016/1052 on regulatory technical standards for the conditions applicable to buy-back programmes and stabilisation measures. which supplements that Regulation.  

Further information please contact Kvika‘s investor relations, ir@kvika.is. 


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