Investment funds on behalf of Stefnir hf. have sold 20 million shares in Siminn. This is stated in an announcement to the Iceland Stock Exchange. This is a flagging obligation as Stefnir’s share is now below 5% or 4.78%.
Based on today’s exchange rate, ISK 7.55. per share, it can be assumed that the sale will amount to ISK 150 million. The share of several funds on behalf of Stefnir in Siminn is being released.
Siminn’s share price has risen significantly since the beginning of the year. The share price stood at ISK 5,355. but is now, as previously stated ISK 7.55. per share.