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IAV
Islenskir adalverktakar hf. - Delisting of shares   21.7.2003 16:08:09
Flokkur: Skráningar / afskráningar      Íslenska  English
Islenskir adalverktakar hf. (Construction company), symbol IAV, will be delisted from ICEX Main List on at the end of trading 31 July 2003 in accordance with the company's board's request. The company does not fulfill the listing requirement since Eignarhaldsfelagid AV ehf. (not listed) has acquired more than 90% of its shares. Eignarhaldsfelagid AV ehf. has 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.


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