Consolidated Interim Financial Statements Q1 2017
The Board of Glitnir Holdco ehf. has published the Consolidated Interim Financial Statements for 1 January to 31 March 2017 on the secured website of Glitnir.
The Board of Glitnir Holdco ehf. has published the Consolidated Interim Financial Statements for 1 January to 31 March 2017 on the secured website of Glitnir.
Due to the Optional Redemption Date on 1 June 2017 Noteholders are hereby informed that they may not require transfers from 17 May 2017 until, and including, 1 June 2017. This halt of transfers is necessary for the Company to be able to make payments to registered Noteholders on the Optional Redemption Date. This halt of transfers is in accordance with Condition 4.1 (b) of the terms and conditions of the Amortising Zero-Coupon Convertible Notes of Glitnir HoldCo ehf. (the “Conditions”).
Further information about the Optional Redemption can be found here.
Capitalised terms used but not defined in this notice shall have the meanings given to them in the Conditions.
Glitnir Holdco ehf. (the “Issuer”)
EUR 1,585,774,666 (Remaining balance EUR 285,775,290)
Amortising Zero-Coupon Convertible Notes due 2030 (the “Notes”)
This notice is made to holders of the Notes (hereafter, the “Noteholders”) pursuant to Condition 6.3 of the Terms and Conditions of the Notes (the “Conditions”) and is published in accordance with Condition 21. Capitalized terms used but not defined in this notice shall have the meanings given to them in the Conditions.
The Issuer hereby notifies the Noteholders that it will effect an optional redemption by redeeming the Notes (in part) in cash on 1 June 2017. The Issuer is providing the following information pursuant to Condition 6.3(B) in connection with such redemption:u
(i) The Currency Conversion Date is 26 May 2017.
(ii) The estimated Euro Equivalent Redemption Funds (EERF) to be distributed is EUR 20,972,098.
The breakdown of the currency of the amounts included in the calculation of such estimate is as follows:
a) EUR 10,244,018
b) USD 5,264,834
c) NOK 38,297,236
d) GBP 1,571,741
(iii) The Euro Equivalent Redemption Funds derive from realizations of the following assets:
a) Restricted cash: EUR 8,187,905, USD 5,264,837, NOK 17,798,158 and GBP 1,571,741. The restricted cash is available due to a settlement agreement between Glitnir and LBI ehf. on a claim that LBI lodged in the winding-up proceedings of Glitnir and has been in dispute.
b) Loans to customers: EUR 1,723,626
c) Equity: NOK 20,499,079
d) Other assets: EUR 332,487
The issuer will provide further information on 30 May 2017 (which will be the Optional Cash Redemption Second Notification Date). That notification will include a confirmation of the final amount of the Euro Equivalent Available Optional Redemption Funds which will be used to redeem the Notes in cash, the aggregate principal amount of the Notes that will be outstanding immediately following the Optional Redemption Date on 1 June 2017 and other information required under Condition 6.3 (C.)
Reykjavík, 12 May 2017
On behalf of Glitnir HoldCo ehf.
Ingólfur Hauksson, Chief Executive Officer
Glitnir Holdco ehf. (the “Issuer”)
EUR 1,585,774,666 (Remaining balance EUR 285,775,290)
Amortising Zero-Coupon Convertible Notes due 2030 (the “Notes”)
This notice is made to holders of the Notes (hereafter, the “Noteholders”) by way of information and is published in accordance with Condition 21 of the Terms and Conditions of the Notes (the “Conditions”). Capitalised terms used but not defined in this notice shall have the meanings given to them in the Conditions.
The Issuer effected an optional redemption of the Notes in part on 26 April 2017 in accordance with Condition 6.3(A)(ii). The aggregate principal amount of each Noteholder’s interest in the Notes was reduced accordingly as a result of such redemption. Noteholders who wish to confirm the principal amount outstanding in respect of their holding of Notes can do so through the secured website.
Reykjavík, 26 April 2017
On behalf of Glitnir HoldCo ehf.
Ingólfur Hauksson, Chief Executive Officer
Glitnir Holdco ehf. (the “Issuer”)
EUR 1,585,774,666 (Remaining balance EUR 314,058,317)
Amortising Zero-Coupon Convertible Notes due 2030 (the “Notes”)
Further to the announcement on 5 April 2017, the Issuer hereby announces that the EUR Equivalent Redemption Funds (EERF) to be distributed on 26 April 2017 will be EUR 28,283,027. The amount derives from realizations of shares and equity instruments.
Reykjavik, 24 April 2017
On behalf of Glitnir HoldCo ehf.
Ingólfur Hauksson, Chief Executive Officer
As set out in the notice from 10 April 2017 the Annual General Meeting of the Company will be held at Hilton Reykjavík Nordica, Suðurlandsbraut 2, on 26 April 2017 and will start at 2 pm.
The final agenda for the meeting is the following:
a) A report on the Company's operation during the past year and its financial status at year's end;
b) The Company's audited financial statements for the past year of operations along with comments by the Company's auditors submitted for approval;
c) Decision to be made as to the handling of profit or loss and dividends and contributions to the reserve fund;
d) Subject to Articles 29 and 31 of the AoA, The Board and Chairman to be elected;
e) The Company's auditor to be elected for the period until the end of the next Annual General Meeting;
f) Decision concerning payments to members of the Board for their work during the forthcoming year of operations;
g) Proposal of the Board on a remuneration policy for the forthcoming financial year to be presented and voted upon;
h) Debates and voting of other matters, lawfully tabled.
Further information on the agenda items and final submissions are available for inspection by shareholders at Glitnir‘s headquarters and can be found on Glitnir‘s secured website.
Reykjavík, 21 April 2017
On behalf of Glitnir HoldCo ehf.
Mike Wheeler
Steen Parsholt
Tom Grondahl
The Board of Directors of Glitnir HoldCo ehf., id. No 550500-3530, hereby gives notice that the Annual General Meeting of the company will be held at Hilton Reykjavík Nordica, Suðurlandsbraut 2, Reykjavík, on 26 April 2017 and will start at 2 pm.
In accordance with the Articles of Association of Glitnir HoldCo ehf. (“The AoA”) the following items will be on the meeting agenda:
a) A report on the Company's operation during the past year and its financial status at year's end;
b) The Company's audited financial statements for the past year of operations along with comments by the Company's auditors submitted for approval;
c) Decision to be made as to the handling of profit or loss and dividends and contributions to the reserve fund;
d) Subject to Articles 29 and 31 of the AoA, The Board and Chairman to be elected;
e) The Company's auditor to be elected for the period until the end of the next Annual General Meeting;
f) Decision concerning payments to members of the Board for their work during the forthcoming year of operations;
g) Proposal of the Board on remuneration policy for the forthcoming financial year to be presented and voted upon;
h) Debates and voting of other matters, lawfully tabled.
Shareholder’s proposals which shall be presented at the Annual General Meeting must be submitted to the Company at least 10 days before the meeting.
Further information on the agenda items and final submissions will be available for inspection by shareholders at Glitnir’s headquarters and on Glitnir’s secured website at least 7 days before the meeting.
Reykjavík, 10 April 2017
On behalf of Glitnir HoldCo ehf.
Mike Wheeler
Steen Parsholt
Tom Grondahl
Due to the Optional Redemption Date on 26 April 2017 Noteholders are hereby informed that they may not require transfers from 11 April 2017 until, and including, 26 April 2017. This halt of transfers is necessary for the Company to be able to make payments to registered Noteholders on the Optional Redemption Date. This halt of transfers is in accordance with Condition 4.1 (b) of the terms and conditions of the Amortising Zero-Coupon Convertible Notes of Glitnir HoldCo ehf. (the “Conditions”).
Further information about the Optional Redemption can be found here.
Capitalised terms used but not defined in this notice shall have the meanings given to them in the Conditions.
Glitnir Holdco ehf. (the “Issuer”)
EUR 1,585,774,666 (Remaining balance EUR 314,058,317)
Amortising Zero-Coupon Convertible Notes due 2030 (the “Notes”)
This notice is made to holders of the Notes (hereafter, the “Noteholders”) pursuant to Condition 6.3 of the Terms and Conditions of the Notes (the “Conditions”) and is published in accordance with Condition 21. Capitalized terms used but not defined in this notice shall have the meanings given to them in the Conditions.
The Issuer hereby notifies the Noteholders that it will effect an optional redemption by redeeming the Notes (in part) in cash on 26 April 2017. The Issuer is providing the following information pursuant to Condition 6.3(B) in connection with such redemption:
The Euro Equivalent Redemption Funds (EERF) is EUR 28,283,000. The EERF derive from realizations of shares and equity instruments.
Reykjavík, 5 April 2017
On behalf of Glitnir HoldCo ehf.
Ingólfur Hauksson, Chief Executive Officer
The Board of Glitnir HoldCo ehf. approved the Consolidated Financial Statements of Glitnir HoldCo ehf. at a board meeting on 27 March 2017. The Financial Statements can be found on Glitnir´s secure website.
Glitnir Holdco ehf. (the “Issuer”)
EUR 1,585,774,666 (Remaining balance EUR 314,058,317)
Amortising Zero-Coupon Convertible Notes due 2030 (the “Notes”)
This notice is made to holders of the Notes (hereafter, the “Noteholders”) by way of information and is published in accordance with Condition 21 of the Terms and Conditions of the Notes (the “Conditions”). Capitalised terms used but not defined in this notice shall have the meanings given to them in the Conditions.
The Issuer effected an optional redemption of the Notes in part on 9 March 2017 in accordance with Condition 6.3(A)(ii). The aggregate principal amount of each Noteholder’s interest in the Notes was reduced accordingly as a result of such redemption. Noteholders who wish to confirm the principal amount outstanding in respect of their holding of Notes can do so through the secured website.
Reykjavík, 14 March 2017
On behalf of Glitnir HoldCo ehf.
Ingólfur Hauksson, Chief Executive Officer
Annual General Meeting, 26 April 2017 at 2pm