Brief: Skel Fjárfestingafélag Signs New Purchase Agreement For Sale Of All Skel Shares In Sp/F Orkufelagið

Skel fjarfestingafelag hf

15/02/2023 10:18

Feb 15 (Reuters) - Skel fjarfestingafelag hf  SKEL.IC :
    * REG-SKEL FJÁRFESTINGAFÉLAG HF.: SKEL SIGNS NEW PURCHASE
AGREEMENT FOR THE SALE OF ALL SKEL SHARES IN SP/F ORKUFELAGIÐ
    * ACCEPTED OFFER LETTER FROM FAROESE COMPANY FOR ALL OWNED
SHARES
IN SP/F ORKUFELAGIÐ, OR 48.3% OF ISSUED SHARES.
    * ORKUFELAGIÐ IS HOLDING COMPANY FOR P/F MAGN, WHICH IS AN
ENERGY,
TRADE AND OIL DISTRIBUTION COMPANY IN FAROE ISLANDS.
    * UNCONDITIONAL, WHERE CIG AGREES TO PURCHASE ALL SKEL
SHARES IN
SP/F ORKUFÉLAGIÐ.
    * HÓLMI HAS WITHDRAWN FROM A PROPOSED SALE OF SHARES
    * SKEL WILL OFFER OTHER SHAREHOLDERS IN SP/F ORKUFÉLAGIÐ
OPPORTUNITY TO EXERCISE RIGHT OF FIRST REFUSAL IN RELATION TO
SALE SHARES
    * PURCHASE PRICE OF SHARES WILL BE IN ACCORDANCE WITH
PREVIOUS
AGREEMENT, DKK 146,054,899.
    * PARTIES ESTIMATE THAT BUYER WILL ISSUE PAYMENT IN CASH AND
SHARES DELIVERED BY END OF MARCH 2023.

Source text for Eikon:  ID:nGNE6qvldp 
Further company coverage:  SKEL.IC 
 (Gdansk Newsroom)
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