Icelandair Group Holding hf. is the first Icelandic company to be listed on ICEX after it has become part of OMX Nordic Exchange. The company, formerly owned by FL Group hf., was sold to new core investors, employees and the public. It is now being listed on the market once more as a company with operations similar to its forerunner, Flugleidir hf., which was listed on ICEX in 1992. At the time, Flugleidir hf. was the eighth company to list its shares on ICEX. Icelandair Group Holding’s total nominal share capital is ISK 1,000,000,000. A total of 185,000,000 shares were sold to the public, employees and institutional investors in a public offer from 27 November to 4 December this year. Based on the offer price, the company’s market cap is ISK 27 billion.

“We are extremely pleased to welcome Icelandair Group Holding to the Exchange, as its listing marks the beginning of a new era for ICEX. Icelandair has a long and remarkable history and its return to the market will no doubt strengthen the company in the years to come. The listing also expands the transport sector and offers investors new options. International investors will also be able to compare Icelandair Group Holding with similar companies on the Nordic list of OMX Nordic Exchange, which ICEX will become part of early next year,” explained Thordur Fridjonsson, President and CEO of ICEX.
Jon Karl Olafsson, CEO of Icelandair Group Holding, stated: “This is a day we have been looking forward to. Icelandair Group Holding has grown rapidly in recent quarters, and it is gratifying to have it return to ICEX once more, more vital than ever. Everyone agrees that the Group’s operations are of major importance for Iceland, and Icelandair Group Holding is a company which definitely belongs on the market. I am convinced that listing will help us to grow still further and we look forward to working with our shareholders.”

Icelandair Group Holding hf. is a holding company of independent service companies in the airline, travel and related industries. The Group provides its owners with a return on their investment by operating and co-ordinating the activities of these companies and encouraging their further growth. It focuses on three main areas: International Scheduled Airline Operations, Global Capacity Solutions and Aircraft Trading, and Travel Infrastructure. The international airline Icelandair forms the backbone of the Group, linking Europe and the US through its hub in Iceland with scheduled flights to 25 destinations in Europe and the US. Icelandair carried 1.5 million passengers last year. Other companies comprising Icelandair Group Holding are: Loftleidir Icelandic, Bluebird Cargo, Icelandair Cargo, Icelandair Ground Services, Icelandair Technical Services, Icelease, Flugfelag Islands, Icelandair Hotels, Islandsferdir, Fjarvakur and Icecap.

Icelandair Group’s symbol in the trading system will be ICEAIR. Trading in the company’s shares will commence tomorrow, 14 December.

For further info:
Helga Bjork Eiriksdottir
Head of Marketing and PR
telephone: +354 525 2844, +354 894 8888.