Icelandair Group´s upcoming Share Offering

The subscription period will commence at 9:00 am, Wednesday, 16  September 2020 and end at 16:00, Thursday, 17 September 2020.

About the upcoming Share Offering

  • Subscriptions shall be registered electronically on a special order form found on the subscription website
  • An open investor meeting will be held at 10:00 am, Wednesday, 16 September. Live stream will be accessible here
  • The subscription period will commence at 9:00 am, Wednesday, 16 September 2020 and end at 16:00, Thursday, 17 September 2020
  • The Offering will consist of 20,000,000,000 shares, in the form of new shares issued by Icelandair Group hf., with an authorization to increase the Offering up to 23,000,000,000 shares
  • Investors are offered two subscription options, Order Book A and Order Book B, which differ in terms of size of subscription and allocation
  • The Offering Price will be the same in Order Book A and B, a fixed price of ISK  1.0 per share
  • The results of the Offering are expected to be published on 18 September 2020
  • Delivery of the new shares is expected on or about 12 October 2020 and listing and commencement of trading on Nasdaq Iceland is expected to take place on the same date
  • Íslandsbanki and Landsbankinn are Co-managers of the Offering

The Co-Managers and the Issuer reserve the right to demand confirmation of the investor’s ability to pay and/or collateral for payment from investors. If the investor does not agree to this demand from the Co-Managers before the close of the Subscription Period or before the end of any other deadline in relation to the Offering, the Co-Managers reserve the right to reject and invalidate the subscription of the investor, wholly or in part. The Co-Managers have sole discretion to decide whether confirmation of ability to pay and/or collateral is sufficient.

The Issuer will cancel the Offering if the minimum number of subscriptions for New Shares which is stated in the Prospectus are not received. The Issuer will in such an event publish an announcement. In the event that the Offering will be cancelled or annulled, and investors have paid following the payment instructions, the Issuer will settle and refund their overpayment.

Frequently asked questions

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Co-Managers of the offering

Corporate finance Íslandsbanki

Order Book A

Send us an e-mail
440 4000

Securities and pension services Íslandsbanki

Order Book B

Send us an e-mail
440 4900

Corporate finance Landsbanki

Order Book A

Send us an e-mail
410 4000

Securities and pension services Landsbanki

Order Book B

Send us an e-mail
410 4040