Sjávarsýn crosses 10 percent in Skagi: Skagi stock shows 11.05 percent YTD

Published on 10/14/2026 at 00:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Bjarni's holding rose from 9.99 percent to 10.56 percent on October 13, 2026. Skagi stock last stood at ISK 17.60.

Ownership change and market position

Sjávarsýn lifted its holding in Skagi from 9.99 percent to 10.56 percent on October 13, 2026.
Skagi repurchased 216,000 shares for ISK 3.8 million on September 15, 2026.
Skagi stock showed an 11.05 percent year-to-date return as of October 12, 2026.

Skagi, IS0000007078, Illustration mit AI erstellt.

Skagi stock showed an 11.05 percent year-to-date return as of October 12, 2026, while a new ownership disclosure put Sjávarsýn above the 10 percent threshold. According to RUV on October 13, 2026, the holding associated with Bjarni Ármannsson increased from 9.99 percent to 10.56 percent. The report also said he remained Skagi's largest individual shareholder.

Ownership crosses the 10 percent threshold

The change gives Sjávarsýn a larger position in Skagi, which owns VÍS, Fossa investment bank and Icelandic Securities, according to RUV's October 13, 2026 report. The filing is the latest dated ownership development in the material reviewed for the company and provides a concrete marker for the shareholder structure.

The same report said Iceland's Financial Supervisory Authority had authorized Bjarni to hold up to a 20 percent indirect active stake in regulated subsidiaries of Skagi. That ceiling is 9.44 percentage points above the disclosed 10.56 percent holding, a comparison that puts the current ownership level into context.

Buybacks added a second capital signal

Skagi's recent capital actions also included a share repurchase. GlobeNewswire listed a September 15, 2026 Skagi notice reporting 216,000 repurchased shares for ISK 3.8 million. A September 14, 2026 Nasdaq Iceland filing reported 372,000 shares bought for ISK 6.8 million under the same program, with 7,949,036 shares acquired for ISK 149.5 million by that stage, according to Nasdaq Iceland.

What the figures mean for the stock

Skagi's market capitalization was ISK 33.3 billion on October 13, 2026. The 52-week range was ISK 16.30 to ISK 22.80, placing the latest quoted level inside a band that still leaves a measurable gap to the yearly high.

The latest available quote stood at ISK 17.60 on Nasdaq Iceland on October 13, 2026. Skagi's year-to-date return of 11.05 percent as of October 12, 2026 provides a separate performance measure from the ownership change and the repurchase figures.

Corporate dates and market context

The dated sequence runs from the September 14, 2026 repurchase notice to the September 15, 2026 buyback update and the October 13, 2026 ownership disclosure. Together, the figures show a company with an active capital structure, a shareholder crossing a regulatory threshold and a stock valued in Icelandic króna.