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:
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|
Íslandsbaki hf. |
Landsbankinn hf. |
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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% |
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Maximum deviation from last price paid |
3% |
3% |
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Maximum time to place new orders in succession to prior orders getting filled |
10 minutes |
10 minutes |
Further information:
Bogi Nils Bogason, CFO
bogi@icelandairgroup.is
+ 354 665 8801
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