Icelandair Group hf.
Icelandair Group hf. to explore a potential secondary listing on the Oslo Stock Exchange and to change reporting currency to USD
As announced in February 2011 the Board of Directors of Icelandair Group hf. decided to explore a potential secondary listing of Icelandair Group in addition to its primary listing on Nasdaq OMX Iceland. The process was postponed in September 2011 due to unfavourable equity market conditions. The Board of Directors has now decided to resume the process and will explore a potential secondary listing on the Oslo Stock Exchange (“Oslo Børs”).
Icelandair Group has engaged Skandinaviska Enskilda Banken AB (publ) Oslo Branch and Íslandsbanki hf. as managers to assist the Company in the listing process.
The Company will start publishing its accounts in US dollars from Q1 2012 given that a majority of the Company’s costs and balance sheet are in US dollars.
For further information, please contact:
Björgólfur Jóhannsson, President and CEO of Icelandair Group Tel.: + 354 896-1455
Bogi Nils Bogason, CFO Icelandair Group Tel.: +354 665-8801