The Annual General Meeting of the Iceland Enterprise Investment Fund (EIF) was held last Friday, 5 May. A decision was approved at the meeting for the Fund to pay a dividend of ISK 7,000 million to shareholders. In addition, a decision was made to reduce the Fund’s shareholders’ equity by ISK 3,200,000 in nominal value. A total of ISK 10.2 billion will therefore be paid to the Fund’s owners, which are for the most part pension funds.  The payments derive largely from sales of subsidiaries of Invent Farma last year and subsidiaries of the Icelandic Group. Following these payments, the Iceland Enterprise Investment Fund will have paid a total of ISK 69.1 billion to shareholders from its inception, and called in a total of ISK 43.3 billion.

The Board of Directors of the Fund was re-elected at the meeting. Members of the Board are Gudrún Björg Birgisdóttir, Helga Árnadóttir, Hjörleifur Pálsson, Sveinn Hannesson and Thorkell Sigurlaugsson, the Chairman of the Board.