Arion Bank hf. and Kaupthing ehf. announced on 19 March 2017 the results of a private placement of Kaupskil’s shares in Arion Bank, in which Kaupskil ehf. sold a 29% share in Arion Bank hf. After the sale Kaupskil ehf. holds 57.9% of the issued share capital. In addition, the private placement agreements grant the investors options on 21.9% of the issued share capital in Arion Bank. For further details on the results of the private placement see this press release.
Icelandic State Financial Investments (ISFI), which represents the government of Iceland’s holdings in financial institutions, continues to be the second largest shareholder with 13% of shares.
The list below displays the shareholders of Arion Bank who own more than 1% of the Bank’s shares on 23 March 2017.
|Name of shareholder||Share capital
||Individuals that own at least 10%
of share capital directly or indirectly
||Conditions apply to the ownership introduced by the Icelandic Financial Supervisory Authority in a decision of 11 January 2010.
|Bankasýsla ríkisins (Icelandic State Financial Investments)||13.0%||None
|TCA New Sidecar III s.a.r.l (Taconic Capital Advisors)||9.999%
||The investment vehicle delegates significant investment decision making powers to Taconic Capital Advisors LP, which is ultimately controlled by Frank Brosens.
|Trinity Investments Desinate Activity Company
(Attestor Capital LLP)
||Attestor Capital LLP has power delegated to it under an investment management agreement to manage the investments of Trinity Investments DAC. The persons of significant influence of Attestor Capital LLP, through the ultimate ownership structure, are Jan Peters and Anke Heydenreich.
|Sculptor Investments s.a.r.l (Connected to Och-Ziff Capital Managment Group)||6.6%||None
||Sculptor Investments s.a r.l. is indirectly wholly-owned by investment funds managed by the Och-Ziff Capital Management Group. Och-Ziff Capital Management Group LLC (“OZCM”) is the ultimate parent company of the Och-Ziff Capital Management Group. Mr. Daniel S. Och has the power through shareholdings and other proxy arrangements to direct in excess of 50% of the aggregate voting rights of all shares issued by OZCM.
|ELQ Investors II Ltd. (Goldman Sachs International)||2.6%||None