Public offering of shares in Iceland Seafood International

Listing and public offering of shares in Iceland Seafood International

A public offering of shares in Iceland Seafood will begin at 12:00 GMT Wednesday 16 October 2019 and end at 16:00 GMT Friday 18 October 2019, subject to shortening or extension. The offering consists of  225,000,000 new shares or 9.63% of the company's total share capital. Subscriptions will only be accepted electronically, on Kvika Banki's website. Two orderbooks are available, the final size of each orderbook to be decided upon allocation, provided that demand warrants the change in distribution with respect to price and volume.

Orderbook A Orderbook B
  • Purchase value in the range of ISK 100.000-10.000.000
  • Price range ISK 9,40-9,82 per share
  • One final offering price, equal to or lower than Orderbook B
  • Minimum purchase value of ISK 10.000.000
  • Minimum price ISK 9,40 per share
  • One final offering price, equal to or higher than Orderbook A

Register subscription

The results of the Offering are expected to be published at the latest on 21 October 2019. Information on the allocation of shares to investors in the Offering (i.e. confirmation or reduction of subscriptions) is expected to be available to investors on 22 October, the final due date is set for 25 October and paid shares will be delivered to the buyer after the close of trading on the Regulated Market of Nasdaq Iceland and First North Iceland on 28 October. Pursuant to the above information the first expected day of trading for the shares on the Main Market of Nasdaq Iceland is 29 October 2019.

Prospectus approved and filed with the Financial Supervisory Authority

Further details of the Offering and the terms thereof are set out in the Prospectus, which has been approved by the Financial Supervisory Authority of Iceland on 3 October 2019. The Prospectus is published in English and is available on the company's website, www.icelandseafood.com/investors as well as on the Offering's website. The company has also published a summary in Icelandic which is a translation of the English version which is the approved copy. If there is a discrepancy between the English text and the Icelandic version of the summary, the English version shall apply.

Further Information

Kvika Banki’s Corporate Finance and Capital Markets divisions are the Listing Advisor and Offering Manager. Further information and assistance regarding the Offering and Iceland Seafood’s listing on the Main Market of Nasdaq Iceland hf. can be obtained from Kvika Banki via the email address icelandseafood@kvika.is or at 540-3200.

Investors are reminded that investment in equities involves risks and that a subscription in the Offering is binding. Before investing in shares in Iceland Seafood, investors are encouraged to familiarize themselves with all information contained in the Prospectus as a whole and the terms of the Offering as set out in the Prospectus.