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  • Icelandair Group hf.: Shareholders’ Meeting on 22 May 2020
Icelandair Group hf.: Shareholders’ Meeting on 22 May 2020

Icelandair Group will hold a shareholder’s meeting on 22 May 2020 at 4 PM at Hilton Reykjavik Nordica.

Agenda:

  1. A proposal to grant the board authorization to increase the Company’s share capital

Proposals:

  1. A proposal to grant the board authorization to increase the Company’s share capital

The proposal will grant the board of directors’ authorisation the increase the Company’s share capital. This authorisation is intended for issue of new shares in a public offering with the aim of strengthening the Company’s balance sheet as a part of the Company’s actions in response to the COVID-19 pandemic.

The proposal is as stated below:

“The company’s board of directors is authorised to increase the company’s share capital by up to ISK 30,000,000,000 in nominal terms (ISK thirty billion), by issuing shares, all at once or in separate steps. The shareholders waive their pre-emptive rights to the new shares. The board of directors decides the share’s offer price and sales arrangements. Subscriptions shall take place in accordance with the Company ‘s Articles of Association and Chapter V of Act No 2/1995 respecting Public Limited Companies. The new shares will be of the same share class as other outstanding shares in the Company. The new shares may be paid for by means of the set-off of indebtedness or in another manner than with cash, according to the sale arrangements set by the board of directors. The provisions of Art. 5 – 6, Art. 6 a – Art. 6 c and Art. 7 – 8 of Act No 2/1995 respecting Public Limited Companies shall apply hereto as applicable. The new shares shall provide the associated rights to the Company from the date of registration. This authorization of the board of directors shall be valid until 1 September 2020, to the extent which it has not been utilized.”


Shareholder’s right to have matters put on the agenda and election

Shareholders have the right to submit matters and/or motions to be heard at the meeting if a written or electronic demand is made thereof no later than 10 days before the meeting, i.e. no later than at 16:00 Tuesday 12 May. If shareholders have demanded a matter or motion to be heard at the meeting an updated agenda and proposals will be published on the company’s website no later than three days before the meeting.

Shareholders who are unable to attend the meeting may choose to vote in writing or issue a power of attorney to another person who will act on their behalf. Shareholders who intend to take advantage one of these alternatives are advised to familiarize themselves with best practices by visiting the company's website: www.icelandairgroup.is. On the website, you will find instructions on how to register your vote along with other documents.

General Information

All documents presented at the Shareholders Meeting will be available for review on the company's website: www.icelandairgroup.is

The final agenda will be published on the company's website one week before the meeting, Friday 15 May 2020 at 16:00
Ballots and other documents will be handed out at meeting location starting from 15:30.

All further information on the Shareholders Meeting will be available on the Company's website, www.icelandairgroup.is

Umboð til að sækja hluthafafund

Reykjavík, 1 May 2020
Icelandair Group’s Board of Directors