The public share offering of Fly Play hf. commenced at 10:00 on Tuesday, 9 April 2024, and will conclude on Thursday, 11 April 2024 at 16:00.
Up to 111,111,112 new shares issued by PLAY will be offered for purchase at a subscription price of ISK 4.5 per share, equivalent to up to ISK 500 million in total. To promote shareholder equality, current shareholders, other than those who have already subscribed for new shares, will have priority for subscription in case of oversubscription.
Bids will be accepted during the offering period through the Arctica Finance subscription website, www.arctica.is/play-utbod. A link to the subscription website will also be available on the websites of PLAY and Fossar Investment Bank.
The summarized results of the offering are expected to be announced publicly on April 11, 2024, and allocation results will be communicated to subscribers no later than 15 April 2024. The final due date for payment is expected to be on Tuesday, April 23, 2024.
Investors are reminded that investing in shares involves risk, and that subscriptions in the offering are binding. Before making an investment decision, subscribers should carefully review the terms, conditions, and other official information that apply to the offering. Further details can be found on the Arctica Finance subscription website: www.arctica.is/play-utbod.
The offering is exempt from the obligation to publish a prospectus, in accordance with the provisions of Article 3, paragraph 1 under the Act on Prospectus for Securities When Offered to the Public Offering or Admitted to Trading on a Regulated Market no. 14/2020.
Informationand technical assistance can be obtained from Arctica Finance' CorporateFinance Division via the email address PLAY@arctica.is or by phone 513-3300, or Fossar InvestmentBank's Corporate Finance division via the email address ftr@fossar.is or by phone at 522-4000, between 09:00 (GMT and16:00 (GMT) from (and including) April 9, 2024, until April 11, 2024.
The offering is managed by Arctica Finance, as a Lead Financial Advisor, overseeing the issue and listing of the new shares and handling the settlement of the offering. Arctica Finance and Fossar Investment Bank act as Joint Bookrunners in the offering.
