Published: 2014-03-20 17:37:20 CET
Icelandair Group hf.
Company Announcement

New Market Making Agreements

Icelandair Group hf. (the Company) has entered into agreements (the Agreements) with Íslandsbanki hf. and Landsbankinn hf. (the Banks) whereas the banks undertake to act as market makers for the Companies shares in accordance with Article 116 of Act No. 108/2007 on Securities Transactions. The Agreements will take effect on 1 April 2014 and 31 March will therefore be the last day of the current market making agreements. The main terms of the Agreements are as follows:


  Íslandsbaki hf. Landsbankinn hf.
Minimum amount of bid and offer quotes (nominal value) 2.000.000 2.000.000
Maximum amount of total trading each day (nominal value) 9.000.000 12.000.000
Maximum bid and offer spreads 1,5% 1,5%
Maximum deviation from last price paid 3% 3%
Maximum time to place new orders in succession to prior orders getting filled 10 minutes 10 minutes


Further information:

Bogi Nils Bogason, CFO
+ 354 665 8801