In light of discussions on financial statement
07 Mayo 2024 - 6:16AM
In light of discussions on financial statement
Ljósleiðarinn ehf. would like to make a statement in relation to
the public discussion on the financial statements of Reykjavík City
group that takes place today.
In connection with the approval of Ljósleiðarinn's financial
statements, a reassessment of the company's investment needs was
reported on February 28th. This reassessment has confirmed that the
company has enough liquid funds to support its operations until
2024. Therefore, without any changes, Reykjavík Energy will not
need to provide Ljósleiðarinn with additional equity. This
possibility was opened with the approval and publication of
Reykjavík Energy's financial statements on March 7th.
Although the issuance and sale of new equity in the capital
markets have not been favourable in 2024, Ljósleiðarinn is still
working on preparing for a capital increase in cooperation with its
advisors. Concurrently, the company will explore other financing
options for the upcoming years.