Turismo
ICELANDAIR GROUP HF. – ANNUAL GENERAL MEETING 06 MARCH 2020
Hilton Reykjavik Nordica at 4.00 pm
Draft Agenda:
f. Auditors (Item 7)
The Board of Directors proposes to the Annual General Meeting that KPMG hf. will be the Company's auditors.
g. Purchase of treasury shares (Item 9)
The Board of Directors of Icelandair Group proposes to the Annual General Meeting that the Company will be authorized to purchase in the next 18 months up to 10% of its own shares in accordance with Article 55 of the Icelandic Companies Act No 2/1995 in order to establish a market making agreement for issued shares in the Company or to set up a formal buyback program. It is not allowed to purchase such shares at a higher rate than the last spot market rate or the highest bid in the trading system of a regulated market where the shares are traded. Such purchases are however authorized if they are executed by a market maker in accordance with Article 116 of the Act on Securities Trading or in accordance with Item 1, Paragraph 3, Article 115, and Paragraph 2, Article 119 of the Act on Securties Transactions and regulations implemented on the basis of Articles 118 and 131 of the same Act.
Guðmundur Hafsteinsson, Svafa Grönfeldt and Úlfar Steindórsson have confirmed at this stage that they intend to seek renewed mandate as board members from shareholders at the meeting.
For further information:
Ari Guðjónsson, General Counsel
Email: ari@icelandairgroup.is or Tel: +354 661-2188
Attachments
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