29. November 2018 - News and Notifications
Landsbankinn hf. has sold a 9.2% shareholding in Eyrir Invest hf. in an open sale process. The deadline to submit offers expired at 12 noon on Wednesday 28 November.
Landsbankinn advertised the open sale process of up to 12.1% of its shareholding in investment company Eyrir Invest hf. on 6 November 2018. Prior to the sale process, the Bank held 22% of shares in the company. The sale process was conducted in accordance with Landsbankinn's policy on sale of assets and was open to all potential buyers who are considered eligible investors as defined by Point 9 of Article 43 of Act No. 108/2007, on Securities Transactions. The minimum offer price in the sale process was ISK 41.90 per share in Eyrir Invest.
Landsbankinn accepted four out of five offers for a total of 91,509,035 shares in Eyrir Invest. All shares were sold at the same rate of ISK 42.845 per share. The offer that did not meet the reference rate was rejected. The selling price of the shareholding amounts to ISK 3.9 billion.
News and Notifications - 06 December 2018 04:21 PM
Landsbankinn's Board of Directors has decided to exercise an authorisation to purchase the Bank's own shares, which was approved at the Bank's AGM on 21 March this year. The buy-back programme allows for the maximum purchase of 72.5 million shares, or 0.3% of issued shares.
News and Notifications - 29 November 2018 04:51 PM
News and Notifications - 21 November 2018 03:38 PM
Landsbankinn has published an updated schedule for market funding for the year 2018. The updated schedule states, among other things, that the bank intends to issue covered bonds in the amount of ISK 28-32bn this year. Total issuance of commercial paper this year will depend on market conditions.
Landsbankinn hf. Austurstræti 11, 155 Reykjavík, Reg.no. 471008-0280
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