On November 10, 2020 Samherji Holding ehf. made a takeover bid for the shareholders of Eimskipafélag Íslands hf., as provided for in X and XI. section of Act no. 108/2007 on securities transactions, with the terms and conditions laid down in the offer document issued on that date. The offer deadline expired at 17.00 on 8 December 2020. Shareholders who own a total of 20,175 shares in Eimskipafélag Íslands hf. accepted a takeover bid, which is equivalent to 0.011% of the total issued shares in the company.
Samherji Holding ehf. had voting rights for 56,630,000 shares in Eimskip, or 30.28% of the votes in the company, for the takeover bid and will hold 30.29% of the votes when the settlement has been made or 31.32% of the votes adjusted for own shares. Beljandi ehf. and Landsbankinn’s Corporate Finance managed the bidding process on behalf of Samherji Holding ehf. Bidders who accepted the takeover bid will be paid no later than five (5) working days after the bid deadline expired.
“When Samherji Holding increased its stake in Eimskip last month, the company wanted to finalize and honor its obligation to other Eimskip shareholders, for which an exemption was granted in March this year. The acquisition reflects the confidence we have in Eimskip’s operations and the expectations that We are pleased that the vast majority of Eimskip’s shareholders share this view with us. It was and will remain Samherji Holding’s position that Eimskip is well placed to be listed on the stock market. We hope to continue our good cooperation with other shareholders in the company, “says Þorsteinn Már Baldvinsson, CEO of Samherji Holding.