Glitnir hereby presents a summary of Glitnir's Current Business plan (BP) which is based on an opening position of 31 December 2013. The cash flow and the cash balance at the end of each year are presented in three categories; 1) ISK, 2) FX from domestic counterparties, and 3) FX from foreign counterparties.
Please also note however that the cashflows exclude the monetisation of Íslandsbanki, which is too uncertain to make reliable assumptions on regarding quantum, timing and currency. Glitnir would also like to draw attention to the other important accompanying notes and risk factors set out in the presentation.
A list of claims for the open creditors' meeting on 9 April 2014 has now been published on the closed area for creditors only. If a creditor wishes to object to any of the amended decisions of the Winding-up Board of Glitnir hf. he or she must deliver such objection to the Winding-up Board no later than at the meeting on 9 April 2014. If no objection is received, the amended decision of the Winding-Up Board on the claim in question can be expected to be considered final, cf. the third paragraph of Article 120 of Act No. 21/1991, on Bankruptcy etc. Objections may be delivered in three ways:
1. To the Winding-Up Board's address at, Sóltún 26, 105 Reykjavík.
3. At the creditors´ meeting held at Hilton Reykjavik Nordica, Sudurlandsbraut 2, 108, Reykjavík, at 10:00 AM on April 9 2014.