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Sjóvá-Almennar tryggingar hf. - Delisting of Shares   14.11.2003 16:18:17
News categories: Listings / Delistings      Íslenska  English
Sjóvá-Almennar tryggingar hf

Sjóvá-Almennar tryggingar hf. (Insurance Company), symbol SJVA, will be delisted from ICEX Main list on November 17th 2003 in accordance with the company's request.  The company does not fulfill the listing requirement as Islandsbanki hf. (Commercial and investment bank - Exchange member), symbol ISB, has acquired more than 99% of its shares.  Islandsbanki hf. has published a takeover offer and announced that the minority of shareholders will be subject to redemption of their shares in accordance with Art. 24 to 25 of the Act respecting Public Liability Companies No. 2/1995.  The delisting is made by reference to Art. 39 of the Rules on listing of securities on the Iceland Stock Exchange.