Exista hf.
Sale of shares in Bakkavör Group
Exista hf. / Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- The Board of Exista has decided to sell all shares in Bakkavör Group hf, a total of 855,151,478 shares representing 39.629% of the total share capital, to ELL 182 ehf. The price is ISK 9.79 per share which is the last closing price of Bakkavör Group 8 October. The transaction is subject to creditors' approval. Following the transaction, Exista and its affiliates do not own any shares in Bakkavör Group. The owners of ELL 182 ehf. are the founders and directors of Bakkavör Group, Lýdur Gudmundsson and Ágúst Gudmundsson. The sale contributes to ensure stability in the Group's future operations and ownership. News Source: NASDAQ OMX 10.10.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: Exista hf. Iceland Phone: Fax: E-mail: Internet: ISIN: IS0000013175 WKN: End of News DGAP News-Service ---------------------------------------------------------------------------
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