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MarketScreener Homepage  >  Equities  >  NASDAQ OMX ICELAND  >  Kvika banki hf.    KVIKA   IS0000020469

KVIKA BANKI HF.

(KVIKA)
  Report
End-of-day quote. End-of-day quote NASDAQ OMX ICELAND - 01/20
17.35 ISK   -0.57%
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Kvika banki hf.: Announcement regarding the exercising of subscription rights (warrants) and an increase in share capital

10/29/2020 | 11:59am EST

The Board of Directors of Kvika banki hf. (“Kvika” or “the Company“) has, since the last meeting of the board, reviewed 23 notifications from holders of subscription rights on shares in the Company, amounting to a total nominal value of ISK 26,316,661, for exercising of the rights.

All notifications are from holders of subscription rights issued and sold in the year 2017 in accordance with Temporary Provision IV of Kvika‘s Articles of Association. This includes exercising of rights for total 26,316,661 new shares. Total purchase price amounts to ISK 179,834,464 and therefore the calculated average price per share is 6.8334830.

Pursuant to contracts regarding the issuance of subscription rights, the Board of Directors is obliged to raise the share capital to fulfil its obligations regarding the rights and issue share capital, register the holders of the rights in the share registry and ensuring their registration as the holders of the rights in the central securities depository, cf. Act no. 7/2020 on central depository system, settlement and the electronic registration of rights of title to financial instruments.

The Board of Directors today exercised its authority according to Temporary Provision IV of the Company’s Articles of Association to increase its share capital for the purpose of fulfilling the aforementioned subscription rights. The Company’s share capital will therefore be increased by ISK 26,316,661 and will, after this increase, amount to a nominal value of ISK 2,103,635,839, with the issuance of new shares. The board‘s authorisation to increase share capital in accordance with Temporary Provisions IV will, as a result of the above, be for a nominal value of ISK 387,150,035.

The share capital increase shall be announced and registered by the register of undertakings of the Directorate of Internal Revenue. The new shares shall be issued by the Nasdaq central securities depository and a request will be made for listing of the shares on the Main Market of Nasdaq Iceland.

This announcement is in accordance with the procedure introduced in the Company’s announcement from 19 September 2019.

© OMX, source OMX

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Financials
Sales 2019 7 080 M 54,8 M 54,8 M
Net income 2019 2 662 M 20,6 M 20,6 M
Net cash 2019 3 191 M 24,7 M 24,7 M
P/E ratio 2019 8,33x
Yield 2019 -
Capitalization 37 146 M 286 M 287 M
EV / Sales 2018 2,02x
EV / Sales 2019 2,46x
Nbr of Employees 148
Free-Float 73,1%
Chart KVIKA BANKI HF.
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Kvika banki hf. Technical Analysis Chart | KVIKA | IS0000020469 | MarketScreener
Income Statement Evolution
Managers and Directors
NameTitle
Marinó Örn Tryggvason Chief Executive Officer
Ragnar Páll Dyer Managing Director-Finance & Operations
Baldur Stefansson Managing Director-Finance
Inga Björg Hjaltadóttir Independent Director
Hrönn Sveinsdóttir Independent Director
Sector and Competitors