Straumur-Burðarás Fjárfestingabanki hf.
– Straumur’s presentation to its financial creditors
Straumur-Burðarás Fjárfestingabanki hf. / Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- On 9 March 2009 the Icelandic Financial Supervisory Authority (FME) appointed a Resolution Committee for Straumur Burdaras Investment Bank hf. (Straumur/the Bank). On 19 March the District Court of Reykjavík granted the Bank an authorisation for a Moratorium Process until 11 June 2009. Straumur is currently facilitating the Bank's operational and financial restructuring in co-operation with the Bank's creditors. The FME's decision on the disposal of the Bank's Icelandic deposit obligation to Íslandsbanki hf. included Straumur issuing a collateralized bond on its available assets in consideration of the transfer. The attachment provides the Bank's Management overview of the Bank's position and will be introduced to the Bank's financial creditors. It should be noted that the Moratorium Assistant is not involved in the abovementioned presentation and it is not a part of the Statutory Moratorium Process. The attached should not be regarded as an audited financial statement. For further information Georg Anderssen Corporate Communications Tel; 354 585 6707 georg@straumur.com www.straumur.com News Source: NASDAQ OMX 16.04.2009 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: Straumur-Burðarás Fjárfestingabanki hf. Iceland Phone: Fax: E-mail: Internet: ISIN: IS0000000644 WKN: End of News DGAP News-Service ---------------------------------------------------------------------------
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