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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.

News and Notifications - 20 March 2019 09:16 AM

Beware fraudulent offers to recover stolen funds

Landsbankinn sees occasion to reiterate that the Bank does not partner with foreign companies or security consultants to recover fraudulently acquired funds. New cases have emerged where cyber criminals offer the victims of their fraudulent activity assistance under false pretences, claiming to work with Landsbankinn.


Weekly bulletin - 18 March 2019 07:59 AM

Icelandic Economic Weekly: Monday 18 March 2019

The government surplus was 1.1% of GDP in 2018. Orkuveita Reykjavikur (OR; Reykjavík Energy) published its consolidated financial statements for 2018. The Government Debt Management Agency published its monthly Market Information report.


News and Notifications - 15 March 2019 02:24 PM

New version of Landsbankinn’s General Terms and Conditions

Landsbankinn has published a new version of its General Terms and Conditions. This new version includes amendments to provisions on the processing of personal data, money laundering and terrorist financing, corporate online banking and payment cards.