Composition Voting Meeting 24 November 2015 – Composition Proposal approved
Kaupthing hf. Composition Voting Meeting which was duly convened by a notice published in the Icelandic Law and Ministerial Gazette on 10 November 2015 was held today, 24 November 2015, at Silfurberg, Harpa Conference Centre, Austurbakki 2, 101 Reykjavik, at 11:00 a.m. (Reykjavik time).
At the meeting, Composition Creditors had the opportunity to vote on Kaupthing’s Composition Proposal which was initially made available to Composition Creditors on 23 October 2015 on the Kaupthing creditor secure website and updated 6 November 2015 as well as being available at Kaupthing’s offices Borgartun 26, 105 Reykjavik.
Composition Creditors of Kaupthing representing 93.66% of the total amount of claims on the Voting Registry participated in the vote.
The Composition Proposal was approved at the meeting with all valid votes cast in favour.
In accordance with this outcome the Winding-up Committee of Kaupthing will submit a request for confirmation of the Composition Agreement to the District Court of Reykjavik.