Letter of Intent signed to sell Iceland Seafood UK Ltd

Further to previous announcement on December 12^th, Iceland Seafood has today signed a Letter of Intent (“LOI”) with a respected industry player to sell majority share in 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 aim to complete the proposed transaction by February 17^th 2023.  Further update on the progress made in relation to the proposed transaction and its financial impact on Iceland Seafood will be provided as appropriate.
For more information:
Iceland Seafood International hf.                                                           
http://www.icelandseafood.com/Investors
Bjarni Ármannsson, bjarni.armannsson@icelandseafood.com