Stodir sells a 28.7% shareholding in TM
Public offering of shares in Tryggingamidstodin TM), in conjunction with the intended listing of TM shares on OMX Nasdaq Iceland, was completed on 24 April 2013. Stodir will sell a 28.7% shareholding for a total value of ISK 4.4 billion. Payments are due on 3 May 2013. It is expected that the first day of trading of TM shares on NASDAQ OMX Iceland (the Exchange) will be on 8 May 2013. The Exchange will announce the first business with at least one business day in advance. After the transaction, Stodir will hold a 5.5% shareholding in TM.