Eimskip: Reduction of share capital
30 March 2022 - 12:58AM
Eimskip: Reduction of share capital
Reference is made to a press release from 17 March 2022 on the
results of the Company‘s Annual General Meeting approving to reduce
the Company’s share capital by ISK 2,150,000 and the share capital
being reduced to 173,050,000 nominal value. The share capital will
be reduced with cash payment to shareholders.
The Register of Enterprises of the Icelandic Revenue and Customs
has now approved to grand the Company an exemption from the duty to
issue a call to shareholders, cf. Article 53.2 of the Act no.
2/1995 respecting Public Limited Companies.
Reduction of capital with cash payment to
shareholders
This reduction of capital will amount to ISK 2,150,000 nominal
value with cash payment in the amount of ISK 1,075,000,000. The
amount will on 27 April 2022 be paid to shareholders proportionally
in accordance with their shareholding as registered in the
Company‘s share registry at the end of the date of 26 April 2022.
The amount of share capital reduction in the excess of nominal
value will be recognized as a reduction of share premium or ISK
1,072,850,000. The last business day where the Company‘s shares
will be trading with the right to payment regarding the reduction
of share capital will be Friday 22 April 2022. The execution of
this reduction will be as follows:
- X-date 25 April 2022
- Record date 26 April 2022
- Reduction date 27 April 2022
- Pay date 27 April 2022
For further information please contact Edda Rut Björnsdóttir,
Executive Vice President of Human Resources & Communications
via phone (+354) 825-3399 or investors@eimskip.is.
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