Sparisjóður Mýrasýslu
– SPM Savings Bank converts subsidiaries debt to equity
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. ---------------------------------------------------------------------- SPM Savings Bank converts subsidiaries debt to equity. Afl Savings bank dept of ISK 500 million was converted to equity and Savings Bank of Ólafsfjörður debt of ISK 330 million was changed to equity. With these actions SPM has secured the financial position of these subsidiaries. For further information please contact SPM's ceo, Bernhard Bernhardsson, bernhard@spm.is News Source: NASDAQ OMX 02.04.2009 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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