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    KVIKA   IS0000020469

KVIKA BANKI HF.

(KVIKA)
  Report
End-of-day quote. End-of-day quote Nasdaq Iceland - 01/25
23.8 ISK   -1.65%
01/21KVIKA BANKI HF. : Kvika issues inaugural foreign bond
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01/20Origo hf. - Major shareholder announcement - Kvika banki hf.
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01/19KVIKA BANKI HF : Earnings higher than expected
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Kvika banki hf.: Announcement regarding the exercising of subscription rights (warrants) and an increase in share capital

11/24/2021 | 11:26am EST

The Board of Directors of Kvika banki hf. (“Kvika” or “the Company“) has, since the last meeting of the board, reviewed 6 notifications from holders of subscription rights on shares in the Company, amounting to a total nominal value of ISK 3,666,667, 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. The notification includes exercising of rights for 3,666,667 new shares for the price per share of 7.2786360. Thus, the purchase price for the new shares is ISK 26,688,335.

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 3,666,667 and will, after this increase, amount to a nominal value of ISK 4,896,436,599, with the issuance of new shares.

As a result of the above, the board‘s authorisation to increase share capital according to Temporary Provision IV will be for a nominal value of ISK 126,033,351.

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 GlobeNewswire - EU Press Releases

All news about KVIKA BANKI HF.
01/21KVIKA BANKI HF. : Kvika issues inaugural foreign bond
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01/20Origo hf. - Major shareholder announcement - Kvika banki hf.
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01/19KVIKA BANKI HF : Earnings higher than expected
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01/18Origo hf. - Major shareholder announcement - Kvika banki hf.
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01/11Origo hf.; Major shareholder announcement - Kvika banki hf
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Financials
Sales 2020 8 356 M 64,8 M 64,8 M
Net income 2020 2 349 M 18,2 M 18,2 M
Net cash 2020 22 483 M 174 M 174 M
P/E ratio 2020 17,0x
Yield 2020 -
Capitalization 115 B 894 M 895 M
EV / Sales 2019 2,46x
EV / Sales 2020 1,74x
Nbr of Employees 322
Free-Float -
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Managers and Directors
Marinˇ Írn Tryggvason Chief Executive Officer
Ragnar Pßll Dyer Managing Director-Finance & Operations
Baldur Stefansson Managing Director-Finance
Ël÷f Jˇnsdˇttir Managing Director-Operations & Development
Erna Hei­r˙n Jˇnsdˇttir Head-Compliance
Sector and Competitors