Fly Play CEO Announces Indirect Share Transactions

Einar Örn Ólafsson, CEO of Fly Play hf., has announced indirect transactions in shares of the company through Leika Investments ehf. The transactions involve the conversion of certain liabilities of Leika Investments ehf. into share capital, resulting in Leika Investments owning 93,596,040 shares in Fly Play hf.

Why this matters: This announcement sheds light on the financial dealings of Fly Play hf. and its CEO, Einar Örn Ólafsson, which could have implications for the company's financial structure and future growth plans. As the airline industry continues to evolve, transparency in financial transactions is crucial for maintaining investor confidence and ensuring fair market practices.

According to the announcement, made in accordance with Article 19 of the Market Abuse Regulation (MAR), the conversion of liabilities into share capital does not entail any changes in Leika Investments' overall shareholding in Fly Play hf. The transaction is an indirect one and does not involve a direct transaction with shares in the company.

Fly Play hf. is an Icelandic airline based in Reykjavík, with Einar Örn Ólafsson serving as its CEO. Ólafsson, with an ID number of 660319-0180, made the announcement from the company's address at Suðurlandsbraut 14, 108 Reykjavík.

The announcement sheds light on the financial dealings of Fly Play hf. and its CEO, Einar Örn Ólafsson, as well as the relationship between the airline and Leika Investments ehf. The conversion of liabilities into a significant number of shares, totaling 93,596,040, demonstrates the close ties between the twoentities.

As Fly Play hf. continues to operate in the competitive airline industry, the indirect share transactions and the involvement of Leika Investments ehf. may have implications for the company's financial structure and future growth plans. The announcement provides transparency regarding the CEO's indirect shareholdings and the nature of the transactions.