Investor Presentaiton
ISI
ICELAND
SEAFOOD
October 2019
Main Market Listing and
Offering of new shares
Allocation and reductions
At the end of the subscription period the Issuer will
have sole discretion to decide the price at which the
shares will be sold in each order book
When allocating the Shares the objective of the
Offering will be taken into account, i.e. encouraging
increased liquidity of Shares and creating a more
diverse shareholder base.
In the event that the combined number of Shares of
valid subscriptions exceeds the number of Shares
that the Issuer has available to sell, the Issuer will
allocate Shares to individual subscribers after the
following reductions have been made*:
•
•
•
Order book A
1) Subscriptions in Order book A will
be reduced (in part or rejected) to
subscriptions with the highest price
per share
2) Remaining subscriptions will be
reduced by up to 75% of the original
subscription
o Proportional reductions will not be
applied to subscriptions of a purchase
value of ISK 500,000 or lower and will not
result in a reduction to a value lower
than ISK 500,000
3) Subscriptions will be further
reduced by flat rate reductions
Order book B
• The main rule when allocating shares
in Order book B is that subscriptions
are assessed on the basis of price.
Subscriptions in Order book B will be
reduced (in part or rejected) so that
what remains are the subscriptions
received with the highest price per
Share, so that the combined number
of Shares (based on the final Offering.
Price B) in all valid subscriptions in
Order book B after reduction is equal.
to the number of Shares which the
Issuer decides to offer investors who
have subscribed for Shares in Order
book B
*The Issuer reserves the right to reject individual subscriptions in Order Book A and/or B, in part or in full, for other reasons than those
specified in the above rules on reductions.View entire presentation