Kaupthing Composition Effective Date

Posted 23/12/2015 - 14:34 by anrigaut

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2015-12-23 (All day)

The Composition Agreement of Kaupthing hf., which was confirmed by the District Court of Reykjavik on 15 December 2015, has as of today’s date, 23 December 2015, become final and binding under Icelandic law. The Effective Date of the Composition Agreement is therefore 23 December 2015.

Kaupthing will make a further announcement once it receives the relevant exemptions from the Central Bank of Iceland to permit it to make distributions in accordance with the Composition Agreement.