Syn — M&A Activity 2019

Feb 26, 2019

Sýn hf. : Sýn finalizes the merger of Hey P/F with Nema P/F

Sýn hf. : Sýn finalizes the merger of Hey P/F with Nema P/F

Reference is made to Stock Exchange announcement from November 1st 2018,
according to which Sýn and the Faroese company Tjaldur had agreed heads of terms
in relation to a merger of Hey, a subsidiary of Sýn, and the Faroese IT company
Nema, a subsidiary of Tjaldur.

The transaction was subject to several prerequisites, all of which have now been
fulfilled. The transaction will thus take place and be effective as of  January
1st 2019.

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