Creditor update - interim distributions
The Winding-Up Board and Resolution Committee of Glitnir hf. are pleased to be able to provide creditors with an update on progress being made regarding a first interim distribution of cash to creditors. The update is provided in the attached document and contains:
- A progress update in relation to unresolved priority and unsecured claims, decisions by the Winding-Up Board and likely timescales going forward;
- An outline of the process for making a first interim distribution;
- Financial information regarding a first interim distribution; and
- Key features of the likely distribution mechanism.