Amaroq Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

DB:Q11 Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
02 Sep 25	Buy€69,630	Eldur Olafsson	Individual	95,693	€0.73
02 Sep 25	Buy€34,983	Ellert Arnarson	Individual	45,000	€0.78
22 Aug 25	Sell€200,144	James Gilbertson	Individual	255,672	€0.78
26 Jun 25	Sell€209,348	James Gilbertson	Individual	220,000	€0.95
09 Apr 25	Buy€1,729	Edward Westropp	Individual	2,049	€0.84
09 Apr 25	Buy€8,553	Ellert Arnarson	Individual	10,000	€0.86
09 Apr 25	Buy€34,722	Eldur Olafsson	Individual	40,000	€0.87
16 Dec 24	Buy€1,192,531	Sigurbjorn Thorkelsson	Individual	1,165,382	€1.02
16 Dec 24	Buy€119,253	Livermore Partners LLC	Company	116,538	€1.02
16 Dec 24	Buy€596,264	Eldur Olafsson	Individual	582,690	€1.02

Insider Trading Volume

Insider Buying: Q11 insiders have sold more shares than they have bought in the past 3 months.

Ownership Breakdown

What is the ownership structure of Q11?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	32,031,186	7.05%
Private Companies	70,155,563	15.4%
Institutions	114,836,504	25.3%
General Public	237,083,400	52.2%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 24.2%.

Top Shareholders

Top 25 shareholders own 47.79% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
5.85%	J L E Properties Limited	26,572,545	€28.2m	0%	no data
4.25%	EIFO	19,298,016	€20.5m	0%	90.53%
4.19%	JLE Property Ltd	19,022,545	€20.2m	0%	no data
3.85%	Gildi - lífeyrissjódur	17,485,000	€18.5m	12.9%	1.93%
3.3%	Pension Fund for State Employees	14,974,016	€15.9m	0%	2.22%
3.25%	Livermore Partners LLC	14,738,462	€15.6m	0%	no data
3.25%	David Neuhauser	14,738,462	€15.6m	0.8%	no data
2.43%	First Pecos LLC	11,040,478	€11.7m	0%	no data
2.28%	Arion banki hf.	10,333,818	€11.0m	0%	49.14%
2.08%	Íslandssjóðir hf	9,440,361	€10.0m	5.95%	5.05%
1.99%	Kvika eignastýring hf.	9,031,909	€9.6m	-11%	100.0%
1.94%	Sigurbjorn Thorkelsson	8,792,538	€9.3m	0%	no data
1.38%	Vatnar S.à R.L.	6,260,858	€6.6m	0%	no data
1.29%	Eldur Olafsson	5,862,386	€6.2m	1.66%	no data
1.07%	Íslandsbanki hf.	4,872,918	€5.2m	95.9%	7.14%
1.04%	Eaton Vance Management	4,705,100	€5.0m	94.6%	no data
0.96%	RWC Partners Limited	4,337,173	€4.6m	0%	0.04%
0.88%	Tm Tm Tryggingar Hf	4,014,035	€4.3m	0%	no data
0.88%	Franklin Resources, Inc.	4,000,000	€4.2m	0%	no data
0.71%	Fossar ehf.	3,245,102	€3.4m	0%	no data
0.5%	Graham Stewart	2,251,579	€2.4m	0%	no data
0.35%	Premier Fund Managers Ltd.	1,594,540	€1.7m	-3.41%	0.02%
0.059%	Joan Plant	265,672	€281.6k	2,560%	no data
0.022%	Ellert Arnarson	100,000	€106.0k	81.8%	no data
0.0056%	Teucrium Investment Advisors, LLC	25,191	€26.7k	199%	0.04%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/11/12 07:27
End of Day Share Price	2025/11/12 00:00
Earnings	2025/06/30
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Amaroq Ltd. is covered by 6 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Timothy Huff	Canaccord Genuity
Gerald Khoo	CGS International
Li Low	Panmure Liberum