Glitnir hf. wants to remind creditors of the Open Creditors Meeting that will take place at Hilton Hotel Nordica, Sudurlandsbraut 2, on Thursday 20 November 2014 at 10:00 am. The meeting agenda has been made available for all creditors on the secured website of Glitnir hf. along with the List of Claims, List of Changes and proposals that will be submitted at the meeting. Á íslensku
Due to the open creditors meeting on 20 November the Winding-up Board of Glitnir hf. will not issue new Notices of Successful Transfers from 6 November until, and including, 20 November 2014. The open creditor meeting will not affect other notices sent from the Winding-up Board or its transfer agent, Epiq Bankruptcy Solutions, LLC, in the transfer process of requested transfers. Notices of successful transfers will be issued from 21 of November 2014.
Glitnir hereby presents the Statement of Assets and Liabilities as of 30 June 2014. The presentation also includes a summary of Glitnir´s Current Business plan (BP) which is based on an opening position of 30 June 2014. The estimated cashflow in the BP at the end of each year are presented in three categories; 1) ISK, 2) FX from domestic counterparties, and 3) FX from foreign counterparties.
As announced on 6 June 2014, an informal creditors' meeting will be held at W New York, 541 Lexington Avenue, New York 10022, NY, USA at 10:00 a.m. (EST) on 26 June 2014. The purpose of the meeting will be to provide creditors with a short briefing in relation to amongst other:
• Composition update
• Communication / process update
• Islandsbanki update
• Financials update
• Next steps and timeline
• Q&A
Any creditor who wishes to attend this meeting should send an email confirming his or her attendance to This email address is being protected from spambots. You need JavaScript enabled to view it.. For security reasons you are asked to bring an ID, a reference to a claim number and allow for extra time for check-in at the meeting location. If you are representing a creditor we ask you to bring a reference to a claim number registered in your client's name.
For those creditors unable to attend the meeting in person, dial-in instructions have been sent to all registered email addresses for creditors of Glitnir. Please note that only creditors of Glitnir and their representatives are permitted to dial-in to the meeting and, as such, will be required to register their institution (as applicable) before being permitted to join the meeting. Parties dialing in to the meeting will only be able to listen to the proceedings and will not be permitted to ask questions. During breaks, creditors must remain on the line to continue listening upon re-convening of the meeting.
For the Winding-up Board of Glitnir hf.
Steinunn Guðbjartsdóttir, Supreme Court Attorney
Páll Eiríksson, District Court Attorney
The Winding-up Board of Glitnir hf. announces that an informal creditors' meeting will be held in New York at 10:00 a.m. (EST) until 12:00 p.m. on 26 June 2014. Further details regarding the agenda and location of the meeting will be published closer to the meeting.
For the Winding-up Board of Glitnir hf.
Steinunn Guðbjartsdóttir, Supreme Court attorney
Páll Eiríksson, District Court attorney
The Winding-Up Board of Glitnir hereby presents the Financial Information for Q1 2014.
Glitnir hereby presents a summary of Glitnir's Current Business plan (BP) which is based on an opening position of 31 December 2013. The cash flow and the cash balance at the end of each year are presented in three categories; 1) ISK, 2) FX from domestic counterparties, and 3) FX from foreign counterparties.
Please also note however that the cashflows exclude the monetisation of Íslandsbanki, which is too uncertain to make reliable assumptions on regarding quantum, timing and currency. Glitnir would also like to draw attention to the other important accompanying notes and risk factors set out in the presentation.
A list of claims for the open creditors' meeting on 9 April 2014 has now been published on the closed area for creditors only. If a creditor wishes to object to any of the amended decisions of the Winding-up Board of Glitnir hf. he or she must deliver such objection to the Winding-up Board no later than at the meeting on 9 April 2014. If no objection is received, the amended decision of the Winding-Up Board on the claim in question can be expected to be considered final, cf. the third paragraph of Article 120 of Act No. 21/1991, on Bankruptcy etc. Objections may be delivered in three ways:
1. To the Winding-Up Board's address at, Sóltún 26, 105 Reykjavík.
2. Claimant can fill out the objection form found on the closed area for creditors only and send the form to This email address is being protected from spambots. You need JavaScript enabled to view it.. Deadline to send the objection through this email address is at 20:00 (GMT), 8 April 2014.
3. At the creditors´ meeting held at Hilton Reykjavik Nordica, Sudurlandsbraut 2, 108, Reykjavík, at 10:00 AM on April 9 2014.
Due to the open creditors meeting on 9 April the Winding-up Board of Glitnir hf. will not issue new Notices of Successful Transfers from 26 March 2014 until, and including, 10 April 2014. The open creditor meeting will not affect other notices sent from the Winding-up Board or its transfer agent, Epiq Bankruptcy Solutions, LLC, in the transfer process of requested transfers. Notices of successful transfers will be issued from 11 of April 2014.
Glitnir hereby presents the Financial Statements for the year 2013 and the Statements of Assets and Liabilities as of 31 December 2013.
The Winding-up Board of Glitnir has engaged MP Bank's Corporate Finance Division as Icelandic financial advisor in the finalization of a composition agreement. Among other things MP bank will independently review and evaluate solutions to that end. The WuB of Glitnir consulted a few local financials before engaging MP bank. Á íslensku
Annual General Meeting, 26 April 2017 at 2pm
