Purchase of Ögurvík approved
In accordance with the shareholders’ decision during the initial shareholders’ meeting in October, the employees of Kvika banki hf. presented a summary of the memorandum on the planned purchase by HB Grandi of all shares in Ögurvík hf. at the follow-up shareholders meeting of HB Grandi on November 2, 2018. Thereafter, the meeting addressed the motion submitted by the Board of Directors to the shareholders’ meeting to approve the purchase. The motion was approved by 95.8% of the votes of the shareholders who attended the meeting. Against the motion were shareholders owning 4.2% of the shares whose representatives attended the meeting.