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Acquisition by Landsbankinn of own shares under a buy-back programme - end of acquisition period

On 6 December 2018, Landsbankinn announced that the Bank would offer to purchase shares from shareholders under the terms of a buy-back programme during the period 10 December 2018 to 20 December 2018. During the period, Landsbankinn acquired a total of 14,995,121 own shares at a share price of 9.9787, for the total amount of ISK 149,631,819.

Prior to the repurchase period, Landsbankinn held around 360.5 of own shares. At its conclusion, the Bank holds around 375.5 of own shares, or the equivalent of around 1.56% of issued share capital in the Bank.

Buy-backs under the programme were authorised to amount to a maximum of 72.5 million shares, or the equivalent of around 0.3% of issued share capital.

None of the Bank’s managing directors sold shares in the Bank during the repurchase period.

Weekly bulletin - 24 June 2019 07:44 AM

Icelandic Economic Weekly: Monday 24 June 2019

The Icelandic Tourist Board published its monthly tourism in figures report. Íslandsbanki issued a SEK-denominated bond.


Macro note - 20 June 2019 10:22 AM

Macro note: 1.7% GDP growth in Q1

In real terms, the economy grew by 1.7% YOY in Q1. Domestic demand decreased by 2.8%, exports increased by 2.6% and imports decreased by 8.1.


Weekly bulletin - 18 June 2019 09:57 AM

Icelandic Economic Weekly: Tuesday 18 June 2019

The Republic of Iceland issued a new Eurobond. The Government Debt Management Agency published its monthly Market Information report. Registered unemployment was 3.6% in May.