The Annual General Meeting of the Iceland Enterprise Investment Fund (EIF) was held on Wednesday, 29 May 2019.
Net profit of the year 2018 amounted to ISK 395 million. In year end 2018 total equity was ISK 2.856 million. Fair value of investements in year end 2018 amounted to ISK 4.482 million according to book value of same assets ISK 2.307 million. Net asset value EIF in the year end 2018 was ISK 5.032 million.
A decision was approved at the meeting for the Fund to pay a dividend of ISK 2.400 million to shareholderrs in two payments; ISK 500 million in June and 1.900 million in November 2019. The payments derive largely from sales of subsidiaries of Icelandic Group and return of deposits. Following these payments, the Iceland Enterprise Investment Fund have paid a total of ISK 88.6 billion to shareholders from its inception, and called in a total of ISK 43.3 billion.
At the meeting the members of the Board of Directors was reelected. Members of the Board are Guðrún Björg Birgisdóttir, Sveinn Hannesson and Þorkell Sigurlaugsson, the Chairman of the Board.
Gudmundur Kjartansson is CEO of the Fund.