Eik Banki P/F - Notice to convene extr.general meeting

Notice to convene Extraordinary General Meeting

Notice is hereby given that an Extraordinary General Meeting will be held on
Thursday 7 October 2010 at 6.00 p.m. Faroese time, at Hotel Føroyar,
Oyggjarvegur, Tórshavn, Faroe Islands. The Extraordinary General Meeting is
being held as Eik Banki P/F has entered into a conditional agreement with the
Danish Financial Stability company. The notice to convene the Extraordinary
General Meeting is in accordance with Section 246(1) in the Financial Business
Act, with the following agenda: 
Agenda
1	Information from the Board of Directors on the Bank's situation, particularly
the Bank's failing to fulfil the solvency requirements of the Danish Financial
Services Authority, and furthermore, information on the conditional agreement
between the Bank and the Danish Financial Stability Company, i.e. Finansiel
Stabilitet A/S regarding the transfer of the Bank's activities (except the
share capital and subordinate capital, see Sections 132 and 136 in the
Financial Business Act) to a subsidiary of Finansiel Stabilitet A/S. 
2	Transaction and resolution of any motions from the Bank's shareholders or
Board of Representatives on other measures that may entail fulfilment of the
solvency requirements in Section 124 in the Financial Business Act, or on
liquidation on terms that the Financial Services Authority can approve, see
section 7(4) in the Financial Stability Act and section 246(2) in the Financial
Business Act. 
Adoption Requirements
There will be no adoption of Item 1 on the Agenda.
If other motions on measures pertaining to item 2 on the agenda, which entail a
fulfilment of the solvency requirements, are presented, adoption will require
no less than two thirds of the share capital represented at the meeting, in
which case a resolution on measures can be made with a simple majority, see
Section 7(4) in the Financial Business Act and Section 246(5) in the Financial
Stability Act. If such other motions are adopted that can be approved by the
Financial Service Authority, the agreement with Finansiel Stabilitet A/S will
be annulled in accordance with Section 246(2) in the Financial Business Act. If
no other motions are adopted, the agreement with Finansiel Stabilitet A/S is
binding. 
Shareholders' and Board of Representatives' Resolutions
Regardless of Article 12 in the Articles of Association, motions from
shareholders or the Board of Representatives, which may entail a fulfilment of
the solvency requirements in accordance with Section 124 in the Financial
Stability Act, or which concern liquidation, pertaining to item 2 on the
agenda, must be handed in at the Company Headquarters no later than 6 October
2010 at 6 pm, see Section 7(4) in the Financial Stability Act and Section
246(6) in the Financial Business Act. 
Agenda and Complete Motions
The agenda, the conditional agreement and complete motions will be available
for inspection at the Company's Headquarters Yviri við Strond 2 in Tórshavn,
no later than 24 hours prior to the Extraordinary General Meeting, see Section
7(4) in the Financial Stability Act and Section 246(6) in the Financial
Business Act. 
Custodian Bank
Eik Banki P/F is the issuer of the Company's own shares. Therefore,
shareholders may execute their financial rights by either contacting Eik Banki
P/F or their own custodian bank. 
Sharecapital and Voting Rights
The Company's share capital amounts to DKK 812.927.400 divided into 8.129.274
shares in the denomination of DKK 100,00. The Representatives excercise the
shareholders voting rights at the Company's General Meetings. Shareholders have
the right to attend the General Meeting by showing the admission card. They
have the right to speak but not to vote. 
Admission Cards
Admission cards can be obtained up to and including Thursday 7 October 2010 at
5.30 pm at request either by sending an e-mail to office@eik.fo or by telephone
+298 348571 or +298 348565. 
On behalf of the Board of Directors Yours sincerely
Odd Bjellvåg, Chairman

Attachments:

stock_exchange_announcement_25_2010.pdf