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2022-12-05 10:18:43 CET 2022-12-05 10:18:43 CET REGULATED INFORMATION Iceland Seafood International hf. - Inside informationIceland Seafood International hf: Letter of Intent signed to sell Iceland Seafood UK LtdFurther to Iceland Seafood’s announcement on November 17th, Iceland Seafood has today signed a Letter of Intent (“LOI”) with a respected industry player to sell its subsidiary Iceland Seafood UK Ltd. The LOI is a legally non-binding document but its provisions will serve as key terms in the event of the potential transaction. The parties have agreed to run a swift due diligence process with the aim to complete a binding agreement before end of December. Further update on the progress made in relation to the proposed transaction and its financial impact on Iceland Seafood will be provided as appropriate. |
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