share offering ended on Friday 23 March 2007 at 16:00. 842,105,263 shares at
the share price ISK 4,75 were on offer at the total
market value of ISK 4 billion. Investors subscribed to shares for the total
market value of ISK 6,3 billion and the demand thus
exceeded shares on offer by 57%.
were offered 421,052,632 shares for the market value of ISK 2 billion. Current
shareholders subscribed to shares for the amount of ISK 2,4
billion. Shareholders could subscribe to more or less shares than they were
entitled to in this part of the offering.
Unsubscribed shares were allotted to those requesting more shares in
proportion with their recorded shareholdings at the close of business 15 March
investors were offered 421,052,632 at the market value of ISK 2 billion.
Institutional investors subscribed to shares for the total amount of ISK 3,9 billion.
of Directors of Teymi based their decision on allotment on restricting current
shareholders to the part of the offering aimed at said shareholders. When
allocating shares to institutional investors the Board aimed at increasing the
number of pension funds and other institutional investors in the shareholders’
Jónsson, CEO of Teymi hf.: “Teymi’s management is pleased with the support
investors are showing the company by participating in the offering. This proves
that investors have faith in the company’s operations and its possibilities’ in
the electronic communications and IT market. Furthermore, the support is recognition
of our efforts to install faith in the company by setting clear goals,
structured actions and sending out clear messages to the market.”
Sigurðardóttir, Chairman of the Board of Directors of Teymi hf.: “We are
pleased with the participation of investors in the offering. In particular, we
welcome the country’s largest pension funds as shareholders in Teymi hf.”
due date of offered shares is Wednesday 28 March 2007. The company aims at
raising the share capital and registering the shares with the Icelandic
Securities Depository no later than 2 April 2007 and list the shares on the
Icelandic Stock Exchange on 3 April 2007.
Íslands hf. – Corporate Finance was the Manager of the Offering.