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2010-07-01 10:58:18 CEST 2010-07-01 10:59:16 CEST REGULATED INFORMATION Eignarhaldsfélagið Farice ehf. - Company AnnouncementFinancial restructuring - MergerFor 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. |
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