Landsbankinn is the arranger of a public offering of shares in Heimavellir leigufélag. The offering commences at 10:00 on Monday 7 May, and ends at 16:00 on Tuesday 8 May.
The offering involves the sale of 750,000,000 new shares in Heimavellir, Iceland’s largest lease companies. In the event of oversubscription, the company is authorised to increase the number of shares for sale in the offering to a total of 900,000,000. The offering will result in a 6.7%-7.9% increase of share capital in Heimavellir, depending on whether or not the authorisation to increase the number shares is utilised or not.
The aim of the offering is to increase the number of shareholders in Heimavellir to fulfil the listing requirements of the Icelandic Stock Exchange primary market as regards distribution of ownership and number of shareholders. The aim is for shares in Heimavellir to be admitted for trading on the primary market of the Icelandic Stock Exchange on 24 May.