September 23rd 2004 it was announced on ICEX that an agreement had been
concluded for Burdaras hf.’s purchase of a 76.77% share in the investment
company Kaldbakur hf. The sellers were Samherji hf., Baugur Group hf., and
Samson Global Holdings Ltd.
agreement, the sellers receive new shares in Burdaras as payment for their
shares in Kaldbakur at the rate of a 0.63784 share in Burdaras for each share
in Kaldbakur. The purchase was made
subject to majority approval by a Shareholders’ Meeting of Burdaras for the
issue of new shares to the sellers and other shareholders in Kaldbakur.
Shareholders´ meeting held on the 18th of October 2004 approved a share capital
increase by up to ISK 1,119,047,931. Burdaras’s board has now raised Burdaras´s
share capital of ISK 859,120,017, therefore eliminating the condition the
agreement was subject to.
Baugur Group and Samson Global Holdings have delivered their shares in
Kaldbakur to Burdaras and their holdings in Kaldbakur after the transaction is
none. In return they received new shares
transaction Samherji holds 280,001,638 shares in Burdaras or 5.28% of issued
shares. Before the transaction and the new share issue Samherji was holding
263,675 shares in Burdaras or 0.01% of issued shares. The total number of
shares in the transaction is 279,737,963.
transaction Samson Global Holdings holds 1,049,962,262 shares in Burdaras or
19.81% of issued shares. Before the transaction and the new share issue Samson
Global Holdings was holding 747,659,282 shares in Burdaras or 16.84% of issued
shares. The total number of shares in the transaction is 302,302,980.
the transaction Landsbanki (The National Bank of Iceland) has increased its
shareholdings in Burdaras and now holds 1,235,921,107 shares in Burdaras or 23,32% of issued shares. Thereof 361,742,387
shares due to forward contracts. Before the transaction and the new
share issue Landsbanki was holding 958.842.033 shares in Burdaras or 21,60% of issued shares. Thereof 84,663,313
shares due to forward contracts. The total number of shares in the
transaction is 277,079,074, all due to a forward contract made with Baugur
Group, the holder of the voting rights of those shares.
notification is in part based on Art. 28 (1) of the Act no. 33/2003 point(s)
no. 1 and 2