{"id":17965,"date":"2024-04-11T17:15:34","date_gmt":"2024-04-11T17:15:34","guid":{"rendered":"https:\/\/allonlinebanglanewspapers.com\/news\/fly-play-hf-results-of-funding-round\/"},"modified":"2024-04-11T17:15:34","modified_gmt":"2024-04-11T17:15:34","slug":"fly-play-hf-results-of-funding-round","status":"publish","type":"post","link":"https:\/\/allonlinebanglanewspapers.com\/news\/fly-play-hf-results-of-funding-round\/","title":{"rendered":"Fly Play hf.: Results of Funding Round"},"content":{"rendered":"<div id=\"main-body-container\" itemprop=\"articleBody\">\n<p>On March 21, 2024, Fly Play hf. (\u201cPLAY\u201d or the \u201cCompany\u201d) announced that the Company had received subscription commitments from existing shareholders and other investors of 1,000,000,000 shares at the subscription rate of ISK 4.5 per share &#8211; equivalent to ISK 4,500,000,000.<\/p>\n<p align=\"justify\">To ensure shareholder equality, up to 111,111,112 shares at a nominal subscription rate of ISK 4.5 per share \u2013 aggregating ISK 500 million were subsequently offered in a public offering. The public share offering began on April 9 and ended on April 11 at 16:00 (GMT). Subscription commitments in the amount of about ISK 105 million were accepted, meaning PLAY has raised approximately ISK 4.6 billion since this funding round was announced after the Annual General Meeting on February 8, 2024.<\/p>\n<p align=\"justify\">Investors will be notified of allocations on April 15, 2024, and the final due date for payment of accepted subscriptions is scheduled on February 23, 2024.<\/p>\n<p><em>Einar \u00d6rn \u00d3lafsson, PLAY\u2019s CEO:<\/em><\/p>\n<p><em>We are very pleased with the results of the funding round with the final amount raised being considerably higher than we initially anticipated. The results are a satisfying mix of preexisting and new shareholders, some of whom are institutional investors and strong private investment companies. I am thankful for the trust these investors place in us. The Company\u2019s management team can now focus on further strengthening PLAY\u2019s operations and reaching our goals. <\/em><\/p>\n<p>The offering is managed by Arctica Finance hf., as a Lead Financial Advisor, overseeing the issue and listing of the new shares and handling the settlement of the offering. Arctica Finance hf. and Fossar Investment Bank hf. act as Joint Bookrunners in the offering.<\/p>\n<p>Arctica Finance hf. acts as the manager of the admission to trading of the Company\u2019s shares on the Main Market of Nasdaq Iceland.<\/p>\n<p>\n            <\/div>\n","protected":false},"excerpt":{"rendered":"<p>On March 21, 2024, Fly Play hf. (\u201cPLAY\u201d or the \u201cCompany\u201d) announced that the Company had received subscription commitments from existing shareholders and other investors of 1,000,000,000 shares at the subscription rate of ISK 4.5 per share &#8211; equivalent to ISK 4,500,000,000. To ensure shareholder equality, up to 111,111,112 shares at a nominal subscription rate [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":17966,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"fifu_image_url":"https:\/\/ml-eu.globenewswire.com\/Resource\/Download\/47bcac35-08cc-4cd6-bac8-cb8c9aee3542","fifu_image_alt":"","footnotes":""},"categories":[11],"tags":[],"class_list":["post-17965","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-globenewswire"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/posts\/17965","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/comments?post=17965"}],"version-history":[{"count":0,"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/posts\/17965\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/media\/17966"}],"wp:attachment":[{"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/media?parent=17965"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/categories?post=17965"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/tags?post=17965"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}