NASDAQ Iceland hf.: Observation status removed from shares of Heimavellir hf. (symbol: HEIMA)

Observation status has been removed from shares issued by Heimavellir hf.
(symbol: HEIMA) with reference to an announcement published by Nasdaq Iceland
on April 17 2019, 17:42:31 CET, which states that Nasdaq Iceland has rejected
Heimavellir hf.'s ("the issuer's") application to remove the issuer's shares
from trading on Nasdaq Iceland 

The decision to give the shares observation status was based upon article 8.2
in the Rules for Issuers of Financial Instruments on Nasdaq Iceland hf. The
article states that the Exchange may decide to give a class or classes of
financial instruments of the issuer concerned a temporary observation status if
the issuer has applied for removal of financial instruments from trading.