The biggest shareholders of PLAY (Iceland) (OG, Reykjavik Keflavik) have agreed to subscribe to nearly 575 million new shares for a total subscription value of ISK2.59 billion Icelandic krónur (USD18.8 million), contingent on other investors providing at least an additional ISK1.41 billion (USD10.2 million).

“In the coming weeks, the company plans to continue talks with investors from its current shareholder base and start talks with other investors with the goal of raising further commitments of participation in the capital…

Source: ch aviation
Read more: Shareholders agree to inject mn into Iceland's PLAY