Skip to main content

Icelandair Group hf.: Updated Information Memorandum

Written by Customer Service on . Posted in Public Companies.

Attached is the updated Information Memorandum (“IM”) regarding the upcoming offering of new shares in Icelandair Group. The IM was initially published on 18 August 2020. A summary of main changes and additions is listed below:Answers to questions from investors added in Appendix D.Page 32: Forecasted RASK for the period 2020 – 2024 included intercompany transactions. This has now been amended in order to better reflect passenger revenues. This does not affect actual numbers for the historical period 2015 – 2019 and has no impact on forecasted EBIT and cash flow for Icelandair.Page 51: Projected liquidity position updated to reflect the final impact of the governmental response package and the current position of flight refunds and vouchers. The affected balance sheet and liquidity items have been updated. The operational forecast is unchanged.Pages 52, 55 and 70: Updated to reflect changes on page 51.Page 56: The minimum subscription amount in order Book B has been set to ISK 100 thousand. Underwriting of ISK 6 billion agreed as previously announced.Page 66: 2019 figures for EBT, income tax and net income included figures for Icelandair Hotels. This has been corrected. Figures for income tax in 2020 have also been updated.Page 97: Updated table showing flown trips and load factor.Icelandair Group will publish a Prospectus within the next few days which, among other outlines the timeline, execution and terms of the offering. A shareholders’ meeting will be held on 9 September 2020 at 4 PM at Hilton Reykjavik Nordica where it will be proposed to grant the Company’s Board of Directors authorization to increase the Company’s share capital by up to ISK 23 billion, and issue warrants with subscription rights for up to 5.75 billion shares.Contact information:
Investors: Iris Hulda Thorisdottir, Director Investor Relations. E-mail: iris@icelandairgroup.is
Media: Asdis Petursdottir, Director Communications. E-mail: asdis@icelandair.isAttachmentInformation Memorandum Icelandair Group September 2020

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.