The public share offering of Blue Lagoon Corp. closed at 16:00 on 13 November. Close to 4 thousand subscriptions were received, worth approximately ISK 15.3 billion.
- A total of 150 million shares were sold in the offering. Total proceeds amounted to just under ISK 14.3 billion, and the final price was ISK 95 per share.
- Subscriptions were reduced in accordance with the terms of the offering.
- Information on allocation is available on the offering website.
Investors will be notified of their allocation no later than 16th November. The due date for subscription commitments is 18th November, and delivery of the new shares to investors is expected to take place no later than 20th November.
Trading of the shares on the Nasdaq Iceland Main Market is expected to begin on 20th of November. Nasdaq Iceland has approved the company’s application for admission of the shares for trading, subject to sufficient distribution of the shares before the first trading day. Following the offering, Blue Lagoon Corp. has 1,024,763,489 shares outstanding.
Landsbankinn and Fossar Investment Bank managed the public offering, and Landsbankinn managed the admission of the company’s shares to trading on the Nasdaq Iceland Main Market.
Grímur Sæmundsen, Chairman of the Board of Blue Lagoon Corp.:
“This is an important milestone for Blue Lagoon Corp., Icelandic tourism and the Icelandic stock exchange. Since founding the company in 1992, I have seen how much tourism can contribute to communities across Iceland, and I have great faith in its future. With our new shareholders, we will continue to develop destinations and experiences across the country, with respect for nature and in cooperation with local communities. It means a great deal to me that so many Icelanders share that confidence and want to be part of what we are building,” said Grímur Sæmundsen, founder and Chairman of the Board of Blue Lagoon Corp.
Sigríður Margrét Oddsdóttir, CEO of Blue Lagoon Corp.:
“We thank investors for their trust in us and welcome four thousand new shareholders. We have a clear vision for the growth ahead: to develop experiences across the country and to lead the development that positions Iceland as one of the world’s foremost experience and wellbeing destinations. With a broad group of shareholders, we are well placed to deliver on that vision. In truth, this is just the beginning,” said Sigríður Margrét Oddsdóttir, CEO of Blue Lagoon Corp.
