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2009-05-25 12:53:37 CEST 2009-05-25 12:54:36 CEST REGULATED INFORMATION Sparisjóður Mýrasýslu - Company Announcement- SPM granted an extension for a moratorium on paymentsAs announced in a press release to the Nasdaq OMX Iceland on 27th of April, SPM was granted a moratorium on payments for 3 weeks. Today the moratorium period was extended to the 30th of June. As explained earlier the purpose of the moratorium is to seek a composition agreement with SPM's creditors. 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. |
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