F’s Activites Tansferred to New Company

Eik Banki P/F 

14.10.2010 17:58

Dissemination of a Adhoc News, transmitted by DGAP - a company of
EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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On 30 September 2010, Eik Banki P/F entered into a conditional agreement with
the Danish Financial Stability Company (see stock exchange announcement no
23/2010) regarding the transfer of the Bank's activities. All conditions in the
agreement have now been fulfilled and the transfer, which has been presented to
the Extraordinary General Meeting (see stock exchange announcement no 26/2010)
has been approved by the authorities. 

The agreement between Eik Banki P/F and the Financial Stability Company has
thus been finalized and the Bank's activities have been transferred to a new
subsidiary of the Financial Stability Company A/S. The transfer will be
effective on 14 October 2010 and the name of the new company is Eik Banki
Føroya P/F. 



Sincerely


Odd Bjellvåg	
Chairman		



For further information please contact:
Odd Bjellvåg, Chairman of the Board of Directors, tel. +298 280 611 -
odd@kallnet.fo 
Bogi Bendtsen, Managing Director, tel +298 548 520 - bogi.bendtsen@eik.fo

Further information on Eik Banki P/F: www.eikbank.com

News Source: NASDAQ OMX



14.10.2010 DGAP's Distribution Services include Regulatory Announcements, 
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      Eik Banki P/F
              
               
              Faeroe Islands
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         FO0005702340
WKN:          
 
End of Announcement                             DGAP News-Service
 
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