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Exista hf.
is a primary insider in Bakkavör Group hf. by virtue of the Exista
B.V. holdings. Exista B.V. is 100% owned by Exista hf. The board of
directors of Exista ehf. includes Lýdur Gudmundsson and Ágúst Gudmundsson who, by virtue of their positions in Bakkavör Group hf., are primary
insiders in Bakkavör Group hf.
The CEOs of Exista hf., Erlendur Hjaltason and Sigurdur Valtýsson, are also primary
insiders in Bakkavör Group hf.
Before the aforementioned transaction Exista B.V.
was the owner of 804,489,416 shares in Bakkavör
Group hf.
Vátryggingafélag Íslands is the owner of
32,625,824 shares in Bakkavör Group hf. and Líftryggingafélag
Íslands hf. is the owner of 3,094,176 shares in Bakkavör Group hf. Exista hf. is the owner of 100%
of the share capital of Vátryggingafélag Íslands hf. and owner of 100% of Líftryggingafélag
Íslands hf. These share totals 35,720,000 shares in
Bakkavör Group hf.
Shares owned by primary insiders and financially related parties, other than
the companies mentioned above, were in total 4,294,105, of which 2,000,000
are through forward contracts.
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