Share of­fer­ing of Icelandair Group hf. ends at 16:00 on Thursday, 17 Septem­ber 2020

The share offering of Icelandair Group hf. commenced at 9:00 on Wednesday, 16 September, and ends at 16:00 on Thursday, 17 September. Participation in the offering is via the Bank’s website.
16 September 2020

The offering consists of 20,000,000,000 shares in the form of new shares in Icelandair Group. In the event of oversubscription, the company is authorised to increase the offering to a total of 23,000,000,000 shares. Warrants will be allocated with the new shares, equivalent of up to 25% of listed new shares in the offering.

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 is ISK 1.0 per share and is the same in Order Books A and B. The minimum order size for Order Book A must exceed ISK 20 million in purchase value and the minimum order size for Order Book B is ISK 100,000 in purchase value.

The warrants grant the investor a right, without obligation, to purchase shares in Icelandair Group in three stages at an exercise price equivalent to the offering price (ISK 1.0 per share) plus 15% annual interest. Warrants are categorised as complex financial instruments and to ascertain whether investors have adequate knowledge and experience to understand the risks involved in warrants, they must complete an appropriateness test in the form of a questionnaire prior to registering their subscription in the online subscription system of the offering.

Note that investment in equities involves risk and that participation in the offering is binding. Prior to making a decision to invest in shares in the company, investors are encouraged to familiarise themselves with all information about Icelandair Group and the company’s prospectus, dated 8 September 2020, which has been approved by the Financial Supervisory Authority of the Central Bank of Iceland. The prospectus is available on the website of Icelandair Group,

You may also be interested in
5 April 2024
Norwegian, Swedish and Danish bank notes
The use of bank notes in Europe is decreasing and especially in the Nordic countries. Increased digitalisation in commerce and trade and the pandemic have accelerated that development. Measures against money laundering have restricted foreign currency trading in cash severely and rules and legislation to prevent money laundering have been tightened, most notably in the Nordics.
Stúlka með síma
27 March 2024
Easter service - the app can come in handy!
Landsbankinn's branches and customer service centre will be closed during Easter and will open again on Tuesday 2 April.
15 March 2024
Landsbankinn lowers interest rates
Landsbankinn lowers interest rates on new, non-indexed housing mortgages with fixed rates.
15 March 2024
Reduced service due to maintenance Saturday night
Due to maintenance work at the Icelandic Banks' Data Centre (RB), certain of Landsbankinn’s services will be unavailable Saturday night through to Sunday morning, 16-17 March. Service disruptions are expected to last from around midnight on Saturday 16 March through to 7:00 on Sunday morning, 17 March.
Stúlkur með síma
12 March 2024
Landsbankinn’s app nominated as app of the year
Landsbankinn’s app has been nominates in the category “App of the Year 2023” at the Icelandic Web Awards, which take place on 15 March.
7 March 2024
Refinancing easier than ever
You can now refinance your housing mortgage even more easily on our web or through Landsbankinn’s app. Refinancing of housing mortgages has never been quicker or more convenient.
4 March 2024
Outphasing of Danish, Norwegian and Swedish bills
Landsbankinn will cease buying and selling cash in three Nordic currencies in the near future. These currencies are Norwegian, Swedish and Danish krona. 
Fjármálamót á pólsku
4 March 2024
Thanks for attending in Reykjanesbær!
Landsbankinn’s second Financial Forum in Polish was extremely well attended. The Financial Forums are a series of educational events held by Landsbankinn and last week’s event in Reykjanesbær was co-hosted by the Keflavík and Environs Labour and Seaman Union.
28 Feb. 2024
Unchanged interest terms on new mortgages for Grindavík home owners
Landsbankinn offers the people of Grindavík who hold fixed-rate housing mortgages with the Bank and who decide to sell their housing to the State, the option to keep the terms of the old mortgage on the purchase of new homes.
28 Feb. 2024
Improved chat function on
The chat function on Landsbankinn’s website has now become even better with the addition of a new chatbot that responds to simple yet varied queries about banking and finance and can help customers in the use of self-service solutions.

By clicking "Allow All", you agree to the use of cookies to enhance website functionality, analyse website usage and assist with marketing.

More on cookies