News


19.04.2017

LBI's Financial Statement for 2016

LBI's Financial Statement for 2016 has now been released on LBI’s web under https://www.lbi.is/financial-info/.

LBI will host an investor call to present and discuss the results tomorrow Thursday 20 April at 12:00 Reykjavik (GMT), 13:00 London (BST) and 08:00 New York time (EDT). The presentation for tomorrow's call is also available on LBI's web under https://www.lbi.is/financial-info/

More information

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13.04.2017

ANNUAL GENERAL MEETING OF LBI EHF. 2017

Meeting invitation

The Annual General Meeting of LBI ehf., reg. no. 540291-2259, is hereby convened to be held at Hilton Reykjavik Nordica, Sudurlandsbraut 2 in Reykjavik on 27 April 2017. The meeting will start at 10.00 am.

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05.04.2017

Central Bank of Iceland - Purchase of offshore krónur

With reference to press releases issued by the Central Bank on 12 and 23 March 2017, the Central Bank offers to purchase offshore króna assets as these are defined in the Act on the Treatment of Króna-Denominated Assets Subject to Special Restrictions, no. 37/2016, in cash and for euros, at an exchange rate of 137.5 krónur per euro.

Trade requests must be received by Morgan Stanley by the end of day on Friday 28 April 2017, with settlement occurring as soon as reasonably practicable.

The announcement from the Central Bank of Iceland can be found here.

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31.03.2017

Unscheduled payment confirmed to be €299,167,036

Terms defined in this notice shall be construed in accordance with the conditions set out in the Schedule 1 to the Trust Deed, dated 23 March 2016 and made between the Issuer, the Trustee and the U.S. Trustee (the “Conditions“).

Pursuant to 9.1(c) of the Conditions, and in furtherance of the Unscheduled Payment Notice issued on the 23 March 2017, the Issuer hereby notifies the Bondholders that the final amount of Euro Equivalent Available Cash paid on the 5 April 2017 will be €299,167,036.

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23.03.2017

Unscheduled payment estimated to be €301,992,221

Terms defined in this notice shall be construed in accordance with the conditions set out in the Schedule 1 to the Trust Deed, dated 23 March 2016 and made between the Issuer, the Trustee and the U.S. Trustee (the “Conditions“) (as amended in a noteholder meeting on 28 November 2016).
Pursuant to 9.2(a)(ii) of the Conditions, and in furtherance of the Unscheduled Payment Notice issued on the 14 March 2016, the Issuer hereby notifies the Bondholders of payment which will be applied in partial redemption of the Bonds on the Payment Date of 5 April 2017. The estimated Euro Equivalent Available Cash for this payment is €301,992,221.

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