Icelandair: Notice regarding exercise of warrants ICEAIRW180222 and issuance of new shares
28 Enero 2022 - 9:38AM
Icelandair: Notice regarding exercise of warrants ICEAIRW180222 and
issuance of new shares
Icelandair Group (the “Company”) issued warrants
to all investors who received shares in the Company’s share
offering that concluded on 17 September 2020. The warrants consist
of three separate classes, each with a different ticker symbol and
exercise period, as described in the prospectus, dated 8 October
2020 (the “Prospectus”).
The class of warrants with ticker symbol
ICEAIRW180222 and ISIN IS0000032258 (the “Warrant Class”) will be
exercisable in February 2022 as further described below. The
closing date of trading in the Warrant Class will be Monday 7
February 2022. Given settlement rules this means that registered
holders of the Warrant Class as of 9 February 2022 have a right,
without any obligation, to purchase shares in the Company at an
exercise price of 1.22 ISK per share during the exercise
period.
The Board of Directors has decided the terms of
the transaction as stipulated in the Prospectus. Holders of the
Warrant Class will be contacted by their respective custodian
(icel: vörsluaðili) regarding payment instructions, which can take
the form of a payment invoice (icel: innheimtukrafa) that are
optional for holders to pay, or another form of subscription and
payment as decided by each custody financial institution.
Payment of the optional invoice represents both
a subscription for and payment of new shares in the Company. By not
paying the optional invoice a holder is declaring that they do not
intend to exercise their right according to the Warrant Class,
which will then lapse and become void. Any holdings in warrant
class ICEAIRW120822 would in such a case nonetheless remain valid.
Payment shall be made no later than Thursday 24 February 2022. The
Company does not assume any liability for the correct declaration
of taxable income in respect of these or any warrants it has or may
issue.
Icelandair Group will issue new shares in the
Company corresponding to the total exercised warrants. Delivery of
the new shares along with admittance to trading on Nasdaq Iceland‘s
regulated market is expected to take place on or before Thursday 3
March 2022.
For further information regarding the warrants
reference is made to the full Prospectus.
Contact information
Investors: Iris Hulda Thorisdottir, Director
Investor Relations. E-mail: iris@icelandairgroup.is
Media: Asdis Petursdottir, Director
Communications. E-mail: asdis@icelandair.is
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