The sale forms part of the process of listing Exista on the Iceland Stock Exchange
Kaupthing Bank has placed 300 million shares in Exista with institutional investors at a price of ISK 21.5 a share, generating proceeds of ISK 6.4 billion. 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 ISK 3.4 billion from the sale.
The private placement forms part of the process of listing Exista on the Iceland Stock Exchange on 15 September. The sale of these shares conforms with the announcement made by Kaupthing Bank at its annual general meeting in March. There was considerable excess demand for the shares in Exista, with investors subscribing for ten times the number of shares on offer.
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 the same price (ISK 21.5 a share) as in the private placement. The sale value of these shares is approximately ISK 1.4 billion. Parallel to the public offering, a further 65 million shares will be sold to employees of Exista at the same price.
It is planned to list Exista on the Iceland Stock Exchange on 15 September. Enquiries: Jónas Sigurgeirsson, Chief Communications Officer, Tel. +354 444 6112
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