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    KVIKA   IS0000020469


SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Kvika banki hf.: Announcement regarding increase in share capital

10/04/2021 | 08:35am EST

On 30 Septembber 2021 Kvika banki hf. („the Company“) announced that the Board of Directors had exercised its authority according to Temporary Provisions II and IV of the Company‘s Articles of Association to increase its share capital by ISK 93,216,688 for the purpose of fulfilling the exercising of subscription rights.

According to Article 19 of Icelandic Act No 20/2021 an issuer shall, if the issuer increases or reduces its share capital or number of voting rights, as soon as possible and no later than on the last trading day of the calendar month, disclose the total number of shares and the total number of voting rights.

The share capital increase has now been registered by the register of undertakings of the Directorate of Internal Revenue and the share capital amounts to nominal value of ISK 4,865,344,924 of which the bank owns 99,500,000 own shares nominal value. Additionally TM tryggingar hf., Kvika's subsidiary, owns 6,400,000 shares nominal value. Each share corresponds to one Icelandic króna in nominal value and each króna of share capital carries one vote, excluding own shares. 

It will be requested that the new shares will be issued by the Nasdaq central securities depository and that the shares will be listed for trading on the Main Market of Nasdaq Iceland.

© OMX, source GlobeNewswire - EU Press Releases

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11/24KVIKA BANKI HF. : Announcement regarding the exercising of subscription rights (warrants) ..
11/19KVIKA BANKI HF. : Capital Markets Day November 26
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11/12KVIKA BANKI HF. : Kvika issues 3Y senior unsecured bond in British pounds
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11/11KVIKA BANKI HF. : Presentation of the interim financial statement for Q3 2021
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Sales 2020 8 356 M 64,4 M 64,4 M
Net income 2020 2 349 M 18,1 M 18,1 M
Net cash 2020 22 483 M 173 M 173 M
P/E ratio 2020 17,0x
Yield 2020 -
Capitalization 128 B 981 M 987 M
EV / Sales 2019 2,46x
EV / Sales 2020 1,74x
Nbr of Employees 322
Free-Float 83,8%
Duration : Period :
Kvika banki hf. Technical Analysis Chart | MarketScreener
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Income Statement Evolution
Managers and Directors
Marinó Örn Tryggvason Chief Executive Officer
Ragnar Páll Dyer Managing Director-Finance & Operations
Baldur Stefansson Managing Director-Finance
Ólöf Jónsdóttir Managing Director-Operations & Development
Erna Heiðrún Jónsdóttir Head-Compliance
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