Icelandair Group hf.: Exercise of warrants ICEAIRW120822 and issuance of new shares
22 Agosto 2022 - 3:58AM
Icelandair Group hf.: Exercise of warrants ICEAIRW120822 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”).
Holders of warrants with ticker symbol ICEAIRW120822 and ISIN
IS0000032274 (the “Warrant Class”) have now exercised their
subscription rights.
Icelandair Group will, in accordance with article 15.2 of the
Articles of Association, issue new shares corresponding to the
total exercised warrants, amounting to ISK 1,877,423,725 nominal
value, thereby bringing the Company’s share capital to ISK
41,120,247,172 nominal value. The exercise price is ISK 1.30 per
share, thus the proceeds to the Company amount to ISK 2,441
million.
The share capital increase will be registered by the Register of
Undertakings of Iceland Revenue and Customs and issued by Nasdaq
CSD. Delivery of the new shares along with admittance to trading on
Nasdaq Iceland‘s regulated market is expected to take place on or
before Friday 26 August 2022.
Landsbankinn Corporate Finance is Icelandair Group’s advisor
regarding the warrants and issuance of new shares.
For further information regarding the warrants reference is made
to the full Prospectus and to an earlier stock exchange
release dated 21 July 2022.
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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