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Skipti hf. results in first quarter 2008
Sales increased by ISK 1.5 billion from the first quarter of 2007, or 20%. Sales amounted to ISK 8.9 billion as compared to ISK 7.4 billion in the preceding year. Earnings before depreciation and financial items (EBITDA) amounted to ISK 2.0 billion as compared to ISK 2.1 billion for the corresponding quarter of 2007. EBITDA margin was 22.4%.
Q1 result will be published 29th of April
Skipti hf. will publish its interim accounts for the first quarter of 2008 after the market close on Tuesday 29 April
The Competition Authority makes no intervention on Exista's takeover of Skipti
On 27 March 2008, Exista made a takeover offer for all of Skipti's share capital. The offer was subject to the approval of competition authorities, if such approval was required by law.
Notification of request to remove Skipti shares from trading on the main market OMX ICE
The Board of Directors of Skipti hf. decided at its meeting today, 7 April 2008, to submit a request to have its shares removed from trading on the main market of OMX Nordic Exchange Iceland hf.
Skipti hf. exercise authorisation to increases share capital in connection with the company's acquisitions of Sensa ehf. and Anza hf.
The board of directors of Skipti has decided to exercise the authorisation contained in article 4.6 of the company's articles of association to increase the company's share capital by ISK 133,726,693 in connection with the acquisitions of Sensa and Anza, as announced in Skipti's prospectus published on 4 March 2008.
Press release concerning shares in Skipti hf.
In total 104 subscriptions were cancelled, thereof 31 subscriptions on 26 March 2008. Accordingly, Kaupthing Bank holds 1,979,776,867 shares in Skipti hf., which represents 26.87% of Skipti hf.'s total share capital.
Subscriptions in Skipti hf. share offering in light of the proposed takeover bid from Exista hf.
Exista hf. announced 19 March 2008, that it intended to submit a voluntary takeover bid for all outstanding shares in Skipti hf.
Press release concerning shares in Skipti hf.
Following Kaupthing Bank's announcement on 19 March 2008 of its decision not to collect payment for the subscriptions received in the Skipti hf. offering and to cancel all subscriptions which remain unpaid before 4 p.m. on 26 March 2008, 3 subscribers have notified Kaupthing Bank hf. that they do not intend to pay for their subscriptions and these subscriptions have therefore been cancelled.
Results of Skipti hf.'s Share Offering
Shares in Skipti hf. admitted to trading on OMX Nordic Exchange Iceland hf. on 19 March 2008
Share Offering in Skipti hf.
An IPO will take place on 10-13 March 2008, prior to the listing of Skipti hf. on OMX ICE. The Offering will start at 10:00 GMT on Monday 10 March 2008 and finish at 16:00 GMT on Thursday 13 March 2008.
Skipti's Prospectus published
OMX Nordic Exchange Iceland hf. has agreed to the admission to trading of the share capital of Skipti hf. The shares are expected to commence trading on 19 March 2008.
Annual General Meeting
Skipti Annual General Meeting will be held in Reykjavík on Wednesday 27 February 2008. The meeting will be held in the Hilton Reykjavík Nordica hotel and will begin at 5:00pm.
Skipti hf. returns ISK 3.1 billion profit in 2007
Sales increased by ISK 7.7 billion between years, or 31% Sales were ISK 32.7 billion as compared to ISK 25,0 in the preceding year. Earnings before depreciation and financial items (EBITDA) amounted to ISK 9.5 billion. EBITDA margin was 28.5%. Since 2006 Skipti has acquired a number of companies outside Iceland, mainly in the UK and Scandinavia. In 2007, 20% of total sales came from operations outside Iceland. Cash from operations, net of interest and taxes, amounted to ISK 9.0 billion. Skipti’s equity ratio is 34%
Annual Results 2007
Skipti hf will publish its annual results for 2007 after the market close on Thursday 31 January
Skipti makes offer for Slovenian telecom company Telecom Slovenije
Skipti hf. today made an offer for the Slovenian telecom company Telekom Slovenije. Current plans call for the sale by the State of a 49.13% share in the company in this round to a core investor, who will subsequently be required to make a take-over bid to other shareholders, with the exception of the State of Slovenia, which intends to retain a 25% share.
