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18.06.2018 17:35:57
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New Market Making Agreements
Icelandair Group hf. (the Company) has entered into agreements (the Agreements) with Íslandsbanki hf., Kvika banki hf. and Landsbankinn hf. (the Banks) whereas the Banks undertake to act as market makers for the Company’s shares in accordance with Article 116 of Act No. 108/2007 on Securities Transactions. The Agreements will take effect on July 2nd 2018 and June 29th 2018 will therefore be the last day of the current market making agreements. The main terms of the Agreements are as follows:
| Íslandsbanki | Kvika banki | Landsbankinn | |
| Minimum amount of bid and offer quotes (nominal value) | 1.000.000 | 1.000.000 | 1.000.000 |
| Maximum amount of total trading each day (market value) | 300.000.000 | 300.000.000 | 300.000.000 |
| Maximum bid and offer spreads | 1,5% | 1,5% | 1,5% |
| Maximum deviation from last price paid | 3% | 3% | 3% |
| Maximum time to place new orders in succession to prior orders getting filled | 10 minutes | 10 minutes | 10 minutes |
Further information:
Bogi Nils Bogason, CFO
bogi@icelandairgroup.is
+ 354 665 8801
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