The following shareholders that own 50,04% of Vinnslustödin hf.'s (the Company)
share capital have agreed to jointly control and run the Company.
Name ID-number Shareholding
Seil ehf, 560103-3010 23,93%
Öxnafell ehf, 710306-1250 6,23%
Leifur Ársælsson 100731-4019 6,16%
Kristín Elín Gísladóttir 261147-3359 3,44%
Gunnar Jónsson 180140-3609 1,93%
Haraldur Gíslason 250242-3879 1,70%
Guðrún Svava Gunnlaugsd. 151268-3749 1,60%
Ólöf Elín Gunnlaugsdóttir 150378-4359 1,60%
Ellý Rannveig Gunnlaugsd. 070671-2989 1,60%
Sölvahamar ehf. 710806-1280 1,50%
Lending ehf. 641195-2279 0,27%
Sigurgeir B. Kristgeirsson 031260-3889 0,08%
Total 50,04%
Consequently these shareholders (the Consortium) are now under an obligation to
make a mandatory takeover offer within 4 weeks according to Article 32 of the
Act Number 33/2003 on Securities Transactions.
The Offer will amount to ISK 4.6 per share which is the last price paid for the
shares on ICEX before the shareholders' agreement was entered into. The
Company's Board of Directors has proposed that the company will pay 30% of the
company's share capital in dividends. The Offer will be made after the general
meeting that will be held on 4 May 2007. If the proposal is accepted, then the
offer will consequently correspond to ISK 4.9 per share.
Pursuant to the shareholders' agreement, the Consortium will propose to the
board to apply to ICEX for a delisting of the Company's shares.
Kaupthing Bank will advise the aforementioned shareholders and arrange the
Takeover Offer.
Further information:
Sigurgeir Brynjar Kristgeirsson, CEO, tel: 488 8004 og 897 9607
