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KER-ICEX
Ker - Major Holdings   5.5.2003 12:20:38
News categories: Major holdings      Íslenska  English

It is hereby announced that between 4 April and 2 May 2003 Vörduberg ehf. acquired 116,366,954 shares in Ker hf., but the deadline for the takeover bid which Vörduberg ehf. made for all shares in Ker hf. expired at 4 p.m. on Friday 2 May. Vörduberg ehf.’s voting rights and shareholdings in Ker hf. at the close of the takeover period now totals 716,592,859 shares in Ker hf. or 74.58% of outstanding shares in the company.

 

The owners of Vörduberg ehf. are Kjalar ehf., Sund ehf., Vogun hf., J&K Eignarhaldsfélag ehf. and Fiskiveidihlutafélagid Venus ehf.

 

The Board of Directors of Vörduberg ehf. is comprised of Kristján Loftsson, Chairman of the Board, who is also Chairman of the Board of Ker hf., Chairman of the Board of Fiskiveidihlutafélagid Venus ehf. and a Member of the Board of Vogun hf., Ólafur Ólafsson, who is also a board member of Ker hf. and Chairman of the Board of Kjalar ehf., Jón Kristjánsson who is also a board member of Ker hf. and Chairman of the Board of Sund ehf., and Jón Thór Hjaltason who is also Chairman of the Board of J&K Eignarhaldsfélagid ehf.

 

The Board of Directors of Vörduberg ehf. intends to seek for delisting of Ker hf.’s shares on the Iceland Stock Exchange since the company no longer fulfils the requirements for the listing of shares on a stock exchange.

 


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