On 11 May 2016 Iceland Seafood International hf. announced the results of a directed share issue on the basis of a book-building process targeted towards certain institutional investors in a private placement (the “Private Placement”). In the Private Placement, the Group issued 27,265,344 new shares (the “Issue Shares”) and sold 102.693.490 shares previously held by the company in total representing approximately 10 per cent of all of the shares in the Group prior to the Private Placement. In addition, the majority shareholder sold 389,876,504 shares in the Private Placement representing 30% of all outstanding shares in the Group. After the Private Placement 40% of all outstanding shares in the Group are held by investors other than the majority shareholder.
A Company Description has been prepared by the Group for the purposes of listing the Group´s shares on Nasdaq First North Iceland. A copy of the Group’s Company Description is available for viewing on the Group’s website at www.icelandseafood.is. The Group has requested that the Issue Shares will be listed on Nasdaq First North Iceland on Wednesday 25 May 2016, following publication of the Company Description.
Kvika banki hf. acted as arranger in connection with the Private Placement and serves as the company´s certified adviser under the First North rules.
About Iceland Seafood International
Tracing its roots to 1932, ISI is a worldwide sales, processing and marketing company for frozen, salted and fresh seafood. Headquartered in Reykjavik, Iceland, its three operating divisions incorporating seven subsidiaries generate annual sales in excess of €250m across 45 countries. Whilst operating globally, the Group’s key market is Europe, with three value-added processing facilities across Spain and the United Kingdom.
For more information:
Iceland Seafood International hf.: +354 550 8000
Helgi Anton Eiriksson, Chief Executive Officer
Lee Camfield, Chief Operating Officer
Reynir Jonsson, Chief Financial Officer
Certified Adviser on behalf of Kvika banki hf.: +354 540 3230
Sigurður Atli Jonsson, Chief Executive Officer
Daniel Palmason, General Counsel
Jon Eggert Hallsson, Director Capital Markets
The information contained herein shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities referred to herein in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.
The information contained herein is not for publication or distribution, directly or indirectly, in or into the United States, Australia, Canada, Hong Kong, Japan or South Africa. These written materials do not constitute an offer of securities for sale in the United States, nor may the securities be offered or sold in the United States absent registration or an exemption from registration as provided in the U.S. Securities Act of 1933, as amended, and the rules and regulations thereunder. There is no intention to register any portion of the offering in the United States or to conduct a public offering of securities in the United States.
Members of the public are not eligible to take part in the offering. This communication is directed (A) in the European Economic Area, only at persons who are qualified investors as defined in article 2(1)(e) of EU directive 2003/71/EC, as amended, and as implemented in legislation in each of the relevant member states and (B) in the United Kingdom only at qualified investors who are: (i) investment professionals falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) order 2005 (the “Order”), or (ii) persons falling within article 49(2) (“high net worth companies, unincorporated associations, etc”) of the Order (all such persons together being referred to as “relevant persons”). Any investment activity to which this communication relates will only be available to and will only be engaged with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.
This announcement contains historical facts and ISI cautions that historical facts do not guarantee future performance.