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Icelandair Group hf. (0ERU.L)

LSE - LSE Delayed price. Currency in ISK
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5.87-6.63 (-53.04%)
At close: 03:28PM GMT
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Previous close12.50
Bid0.00 x N/A
Ask0.00 x N/A
Day's range5.87 - 5.87
52-week range5.87 - 5.87
Avg. volumeN/A
Market capN/A
Beta (5Y monthly)0.93
PE ratio (TTM)N/A
EPS (TTM)-0.00
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target estN/A
  • Globe Newswire

    Icelandair Group hf.: Results of the Annual General Meeting

    a) Annual Accounts (Item 2) The Board of Directors proposed to the Annual General Meeting that the Annual Accounts of the Company for 2020 be approved. b) Dividends payments (Item 2) The Board of Directors proposed to the Annual General Meeting that no dividends will be paid for the 2020 financial year. c) Remuneration to Board Members (Item 3) The Board of Directors proposed to the Annual General Meeting that remuneration to Board Members and Sub-Committee Members shall be the same as they were last year: Each Board Member will receive ISK 330,000 per month, the Chairman will receive ISK 660,000 per month, the Deputy Chairman will receive ISK 495,000 per month, Sub-Committee Members will receive ISK 120,000, the Chairman of the Audit Committee will receive ISK 275,000 per month and the Chairman of the Remuneration Committee will receive ISK 150,000 per month. The Board of Directors will decide on compensation for the members nominated by shareholders in the Nomination Committee. Compensation will be paid on hourly basis. d) Remuneration Policy (Item 4) The Board of Directors proposed to the Annual General Meeting that the current Remuneration Policy will be accepted without any changes. e) Election of the Board of Directors (item 6) Eight individuals declared candidacy for the board of directors. The following candidates were elected to the Board of Directors: Guðmundur HafsteinssonJohn F. ThomasNina JonssonSvafa GrönfeldtÚlfar Steindórsson The Board of Directors has held a meeting and elected Úlfar Steindórsson as Chairman of the Board and Svafa Grönfeldt as Deputy Chairman. f) Auditors (Item 7) The Board of Directors proposes to the Annual General Meeting that KPMG hf. will be the Company’s auditors. g) Election of two members to the Nomination Committee As only two declared candidacy, the following candidates were elected to the Nomination Committee without ballot at the meeting: Helga ÁrnadóttirHjörleifur Pálsson Purchase of treasury shares (Item 9) The Board of Directors of Icelandair Group proposed 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 Securities Transactions and regulations implemented on the basis of Articles 118 and 131 of the same Act. Further information: Investors: Íris Hulda Þórisdóttir, Director Investor Relations, Media: Ásdís Ýr Pétursdóttir, Director Communications, Attachments remuneration-policy-2021 Icelandair Group hf - Minutes from the AGM - 12.03.2021

  • Globe Newswire

    Icelandair Group hf.: Updated Candidates for the Board of Directors at the AGM on 12 March 2021

    Due to withdrawal of one candidacy, below is an updated list of candidates for the Board of Directors of Icelandair Group at the Annual General Meeting on 12 March 2021: Guðmundur Hafsteinsson; ID no. 290875-3319 John F. Thomas; ID no. 250359-3409 Nina Jonsson; ID no. 100567-3189 Steinn Logi Björnsson; ID no. 010959-5869 Sturla Ómarsson; ID no. 130972-5359 Svafa Grönfeldt; ID no. 290365-3769 Úlfar Steindórsson; ID no. 030756-2829 Þórunn Reynisdóttir; ID no. 120560-5149 Reference is made to the Company’s announcement from 5 March 2021 regarding further information on the candidates. Further information: Ari Guðjónsson, General Counsel

  • Globe Newswire

    Icelandair Group hf.: Sale and Leaseback of two Boeing 767-300ER aircraft

    Icelandair Group has entered into an agreement with Titan Aircraft Investments, the joint venture between Titan Aviation Holdings and Bain Capital Credit, regarding the sale and leaseback of two Boeing 767-300ER aircraft that will be converted into freighters. Titan Aviation Holdings, a subsidiary of Atlas Air Worldwide Holdings Inc. (NASDAQ: AAWW) will manage these assets. The lease period for each aircraft is 10 years. The agreement will have a positive impact on Icelandair Group’s liquidity. The conversion is estimated to take place in spring of 2022 and the aircraft will become part of Icelandair Cargo’s fleet in September 2022. Until then, the aircraft will be operated within Icelandair Group’s passenger network and leasing operations. The aircraft will replace the Company’s current two B757-200 freighters that it expects to take out of operation in 2023 and 2024. Icelandair Group will continue to focus its cargo operations on utilizing belly capacity within its passenger network as well as its own cargo aircraft fleet. Bogi Nils Bogason, President and CEO, Icelandair Group: “We are very pleased to partner with Titan Aviation and Atlas Air to further strengthen our cargo business. With continued positive outlook for cargo operations post COVID, I am confident that the 767-300ER freighters will allow us to maximize new opportunities in our markets. These aircraft carry around 50% more freight than our current two B757-200 freighters and fit very well into our current fleet and network. Our aim is to increase the capacity in our markets, as well as strengthen Iceland as a hub for cargo between continents in a similar way as our passenger hub that provides attractive connections between continents.“ Michael T. Steen, President and CEO of Titan Aviation Holdings: “We are delighted to welcome Icelandair as a strategic customer and to support their long-term expansion plans. The 767-300ER is a very attractive medium-sized freighter and we are excited to manage these two aircraft on behalf of the joint venture. We currently own 21 767-300ER freighters, which provide us with extensive experience in this aircraft fleet.” Contact information:Investors: Iris Hulda Thorisdottir, Director Investor RelationsE-mail: iris@icelandairgroup.isMedia: Asdis Petursdottir, Director Communications & CSRE-mail: