Farice ehf.
Financial restructuring – Merger
Eignarhaldsfélagið Farice ehf. / 01.07.2010 10:58 Dissemination of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- For the past few months Eignarhaldsfélagið Farice ehf. and its subsidiary, Farice hf., in cooperation with their largest creditors and shareholders, have been working on a financial restructuring of the companies. Discussions have been progressing and the parties are optimistic that a satisfactory conclusion will have been reached in the coming fall. As part of the restructuring the board of directors of the companies have agreed on a merger schedule for the companies, whereby Eignarhaldsfélagið Farice ehf. will be the surviving entity. The effective date of the merger will be 1 January 2010. With this in mind, the agreement which has been in place between the companies and their creditors has been extended until the end of next August. News Source: NASDAQ OMX 01.07.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Eignarhaldsfélagið Farice ehf. Iceland Phone: Fax: E-mail: Internet: ISIN: IS0000019230 WKN: End of News DGAP News-Service ---------------------------------------------------------------------------
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