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Further to an announcement dated September 27th, Iceland Seafood International hereby convene a bondholders meeting for bonds in the series ICESEA 25 06, ISIN: IS0000033199, on Wednesday October 25th 2023 at 10am.  The meeting will be held at the premises of Kvika Banki, Katrínartúni 2, 105 Reykjavík.  Voting rights will be in accordance with bondholders…

Shareholders Meeting of Iceland Seafood International hf will be held on Tuesday 24 October 2023 at 10am at Hilton Reykjavík Nordica, Suðurlandsbraut 2, 108 Reykjavik, Iceland. The meeting will be in Icelandic. Enclosed is the final agenda for the Shareholders Meeting and final proposals. Minor amendments have been made to the proposal under agenda point 2 a), as set…

As announced today, September 27th 2023, Iceland Seafood International hf (Iceland Seafood) has completed the sale of 100% of the share capital of Iceland Seafood UK Ltd, to Espersen A/S. The completion of the sale means that Iceland Seafood needs a consent from the bondholders of bonds in the series ICESEA 25 06, ISIN: IS0000033199,…

Reference is made to previous announcements on August 30th and September 2nd in relation to the sale of 100% of the share capital of IS UK to Espersen A/S. Completion of the sale was finalized today, on September 27th . In line with previous announcements, ISI has now converted intercompany loans into equity and injected…

The board of directors of Iceland Seafood International hf. (“ISI”), a leader in exports of seafood from Iceland, is pleased to announce the appointment of Ægir Páll Friðbertsson as the new CEO of ISI, succeeding Bjarni Ármannsson, who is stepping down after five years with ISI. Simultaneously, Sjávarsýn ehf., a holding company fully owned by…

See attachment  Attachment Flöggun Brim

See attachment Attachment Flöggun Sjávarsýn

see attachment Attachment Managers transaction – Sjávarsýn ehf

On August 30th Iceland Seafood International hf announced it had reached an agreement to sell 100% of the share capital of IS UK to Espersen A/S.  The parties have today signed a Share Purchase Agreement and related documents in relation to the transaction.  Completion of the transaction will take place before the end of September. 

Price adjustments have a negative impact in the short term but will create a basis for healthier demand in the long term. Sales for 1H 2023: €222.3m, up 7% from 1H 2022 Net margin for 1H 2023: €16.9m, down €2.4m from 1H 2022 Normalised profit before tax in 1H 2023: Negative by €0.8m, compared with…