Brief: Skeljungur Invites Investors To Submit Offers For Unit P/F Magn

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20/05/2021 06:51

May 20 (Reuters) - Skeljungur Ltd  SKEL.IC :
    * SAID ON WEDNESDAY INVESTORS WERE INVITED TO SUBMIT
NON-BINDING
OFFER FOR SKELJUNGUR SUBSIDIARY P/F MAGN DUE TO INCREASED
INTEREST
    * OFFERS TO BE SUBMITTED BEFORE JUNE 4
    * POSSIBLE SALE OF P/F MAGN IS SUBJECT TO APPROVAL OF
SHAREHOLDERS
MEETING AND OTHER CONDITIONS THAT PARTIES MAY SET
    * IT IS UNCERTAIN WHAT DIRECTION MATTER WILL TAKE; FURTHER
INFORMATION WILL BE PROVIDED AS MATTERS PROGRESS
    * ABOVE IS PART OF PROCESS OF ASSESSING ADVANTAGES OF FUTURE
OWNERSHIP OF P/F MAGN, AS ANNOUNCED IN NOTICE PUBLISHED ON MARCH
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