SKEL fjárfestingafélag hf. (“SKEL”) has entered into a market-making agreement with Landsbankinn for its issued shares. The purpose of this agreement is to enhance trading activity in SKEL's shares on Nasdaq Iceland, increase liquidity, establish market value, and ensure transparent and efficient price formation.

Today, Styrkás hf., a company 63.4% owned by SKEL fjárfestingafélag hf., today signed heads of terms for the acquisition of 100% of the shares in Hringrás ehf. The sellers in the transaction are TF II slhf., a venture capital fund managed by Landsbréf, which owns 60% of Hringrás, and Hópsnes ehf., which owns 40%. The proposed acquisition aligns with Styrkás’ strategy to establish environmental services as one of the company’s core business areas in the Icelandic economy.

SKEL's Board of Directors has approved the granting of stock options to certain employees, covering up to 10,801,254 shares in the company.

Enclosed is the trading statement of Skel fjárfestingafélag hf. for the third quarter of 2024. 

Reference is made to earlier announcements on 19 January, 22 March, 15 May and 9 September 2024, regarding the merger negotiations between SKEL fjárfestingafélag hf. ("SKEL") and Samkaup hf. ("Samkaup"), reg. no. 571298-3769, involving the merger of Samkaup with certain companies within the SKEL group, specifically Orkan IS ehf., Löður ehf., Heimkaup ehf., and Lyfjaval ehf. (the "Merging Companies"). Heimkaup operates the stores Prís, Extra, and 10-11, and holds stakes in Brauð & Co. and Sbarro.

The EFTA Surveillance Authority (ESA) conducted an inspection today at SKEL fjárfestingafélag hf ("SKEL") following its decision to examine the activities of Lyfjaval ehf. ("Lyfjaval"). Companies are legally required to comply with inspections mandated by the ESA in accordance with Article 20, paragraph 4, of Chapter 4 of the Protocol to the Agreement of the EFTA regarding the establishment of a supervisory body and court.

Reference is made to the announcement on 15 May 2024, regarding the letter of intent between SKEL fjárfestingafélag hf. ("SKEL") and Samkaup hf. ("Samkaup"), reg.no. 571298-3769, concerning the merger of Samkaup and certain companies within the SKEL group, specifically Orkan IS ehf., Löður ehf., Heimkaup ehf., and Lyfjaval ehf. (the "Merging Companies").

Attached is an announcement, investor presentation and financial summary of SKEL for the first half of 2024.

Reference is made to previous announcements dated 19 January and 22 March 2024, regarding the exploratory negotiations between SKEL fjárfestingafélag hf. ("SKEL") and Samkaup hf. ("Samkaup"), reg. no. 571298-3769, concerning a potential merger with companies owned by SKEL,  specifically, Orkan IS ehf., Löður ehf., Heimkaup ehf., Lyfjaval ehf. (the "Merging Companies").