Heimar hf.

M&A Activity • Dec 10, 2025

Heimar hf.: Heimar has renewed its market-making agreement with Landsbankinn

Heimar hf.: Heimar has renewed its market-making agreement with Landsbankinn

Heimar hf. (“Heimar”) has renewed its agreement with Landsbankinn regarding market making in the Company’s issued shares.

The purpose of the agreement is to promote trading in Heimar’s shares in order to support the formation of a market price and ensure that price formation takes place in an efficient and transparent manner.

Under the agreement between Heimar and Landsbankinn, bid and ask offers shall amount to a minimum of ISK 15 million in market value. The maximum daily trading volume shall amount to ISK 30 million on a net market value basis, calculated as the net difference between the market maker’s bid and ask offers that are executed. The maximum volume-weighted spread between bid and ask offers is determined by the 10-day price volatility of Heimar’s shares. If the 10-day volatility is below 30%, the volume-weighted spread shall be 1.5%, otherwise, it shall be 3.0%. The parties also aim, without it constituting an obligation, to structure bid and ask offers in tiers, such that part of the order book is quoted at a narrower spread than the volume-weighted spread, and part at a wider spread, in order to achieve the above-mentioned volume-weighted target spread.

The agreement enters into force on 11 December 2025 and is open-ended. Either party may terminate the agreement with 14 days’ notice.

Heimar is party to market-making agreements at two venues, with both Landsbankinn and Íslandsbanki.

In case of any discrepancy between the English and Icelandic versions of this notice, the Icelandic version shall prevail.

Further information:

Björn Eyþór Benediktsson – Chief Financial Officer – eythorb@heimar.is