New Market Making Agreement
Icelandair Group hf. has entered into a new market making agreement with Íslandsbanki hf., whereas the bank undertake to act as market makers for the Company’s shares in accordance with Article 116 of Act No. 108/2007 on Securities Transactions. The Agreement will become effective on 30 March 2020 and will replace the Company’s current market making agreements with Íslandsbanki and Landsbanki. The main terms of the agreements are as follows:
| Minimum amount of bid and offer quotes (nominal value) | 1,000,000 |
| Maximum amount of total trading each day (nominal value) | 8,000,000 |
| Maximum bid and offer spreads | 1.5% |
| Maximum deviation from last price paid | 3% |
| Maximum time to place new orders in succession to prior orders getting filled | 10 minutes |
Further information:
Eva Sóley Guðbjörnsdóttir, CFO
