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

What happened

Kvika banki hf. bought 13,174,999 of its own shares for ISK 172,561,237 in week 43 under its buyback programme announced on 11 September 2026. The bank now holds 110,306,459 own shares, or 2.547% of issued shares.

Confirmed

Global impact / market context

A buyback uses company cash to buy its own shares, which can support the share price and lift profit per share for remaining holders. It also reduces cash available for other uses such as lending, capital spending, or dividends.

Analyst inference

The programme allows up to ISK 1,540,550,041 or 165,500,003 shares, whichever comes first, and runs until 30 April 2027 at the latest. Purchases must follow the Act on Public Limited Companies, which means legal rules govern how the bank buys its own shares.

Analyst inference

What to watch

1. Kvika has bought 68,569,999 shares for ISK 854,349,112 so far, equal to 1.584% of issued shares, leaving room under both programme limits. Confirmed
2. Watch whether the bank keeps buying at a steady weekly pace or slows, since the programme ends when either the ISK 1,540,550,041 total or the 165,500,003 share cap is reached. Proposed
3. Further purchases reduce shares in public hands and company cash, which may affect the share price and the bank's capacity to lend or invest. Analyst inference

Evidence

• globenewswire.com