Sparisjóður Mýrasýslu
– SPM granted a moratorium on payments
Sparisjóður Mýrasýslu / Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- As announced in a press release to the Nasdaq OMX Iceland on 6 April, the board of directors of SPM intended to apply for a moratorium and to seek composition with the savings bank's main creditors. An application for a moratorium has been filed with the Vesturland District Court and was approved today. The moratorium will be in effect for the next three weeks. The court appointed attorney during the moratorium period is Sigurður Arnalds, supreme court attorney. Creditors will be presented with a draft of a composition agreement in the next few days. If composition is made with creditors it is the intention to merge SPM and New Kaupthing Bank hf. News Source: NASDAQ OMX 27.04.2009 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: Sparisjóður Mýrasýslu Iceland Phone: Fax: E-mail: Internet: ISIN: IS0000007706 WKN: End of News DGAP News-Service ---------------------------------------------------------------------------
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