LAXEY com­pletes 4 bil­lion share cap­ital in­crease

LAXEY has completed the second phase of the company's financing process with a share capital increase of ISK 4 billion. This represents the second tranche of an offering intended to finance the construction of the second of six phases of the company's land-based aquaculture facility in the Westman Islands. The corporate finance division of Arion Bank managed the share capital increase.

In total, LAXEY has increased its share capital by ISK 9 billion during the year. Just over half of that amount comes from new shareholders. Due to excess demand in the second tranche of the offering, it was decided to increase the amount beyond the original plans.

The share capital increase strengthens the company's financial position and creates important room for continued development and growth in line with its long-term strategy.

We extend our warmest congratulations to the company on this achievement and express our gratitude for the trust placed in us and for the rewarding collaboration.