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Hitt og þetta 8. september 2006

(IFN) Kaupthing Bank places 2.8% stake in Exista with institutional investors

Reykjavik (IFN) Kaupthing Bank has placed 300 million shares in Exista with institutional investors at a price of ISK21.5 a share, generating proceeds of ISK6.4 billion (EUR71 million), the bank said on Friday.

The shares sold represented 2.8% of the total share capital of Exista. Following the sale, Kaupthing Bank's shareholding in Exista is reduced from 14.8% to 12.0%.

Kaupthing Bank generated capital gains of ISK3.4 billion from the sale.

The private placement forms part of the process of listing Exista on the Iceland Stock Exchange on 15 September, the bank said.

There was considerable excess demand for the shares in Exista, with investors subscribing for ten times the number of shares on offer, the bank said.

Between 11 and 13 September Kaupthing Bank will sell a further 65 million shares, or 0.6% of the total share capital of Exista, to the public at a price of ISK21.5 a share.

The sale value of these shares is approximately ISK1.4 billion. Parallel to the public offering, a further 65 million shares will be sold to employees of Exista at the same price, the bank said.

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Icelandic Financial News (IFN) is available on Factiva, a joint venture between Reuters and Dow Jones Newswires, FT.COM, LexisNexis, Comtex, Gale and Thomson via the Nordic Business Report.

25 ára afmælistilboð VB – 50% afsláttur af áskrift

Afmælistilboð VB

Viðskiptablaðið er 25 ára og af því tilefni býðst nýjum áskrifendum að kaupa áskrift á 50% afslætti.
Afmælisverðið er aðeins 2.500 krónur.

Tilboðið er fyrir nýja áskrifendur. Núverandi áskrifendur geta bætt við sig áskrift á þessu verði. Gildir í 4 mánuði. Áskrifendur fá Viðskiptablaðið, Frjálsa verslun og Fiskifréttir sent ásamt vefaðgangi að vb.is og fiskifrettir.is