Agreement regarding bonds issued by Lehman Brothers
(Thomson Reuters ONE) - Acta Kapitalforvaltning and Kaupthing Bank hf. have reached an agreementregarding the bonds Acta distributed to its clients in 2006/2007 where LehmanBrothers was the issuer. The agreement implies that clients who have gearedtheir investment with a loan with Kaupthing and choose to accept the proposal,will pay back 60 per cent of the loan to Kaupthing against that Kaupthing willtake over the bonds. Taking the tax effects into consideration, this will meanslightly below 50 per cent for most clients.Due to the fact that Lehman Brothers has been granted bankruptcy protection inthe USA, a situation has arisen where the value of the bonds issued isuncertain. To make sure that individual clients does not have to wait for anypotential dividend to be paid from the Lehman Brothers estate, Acta andKaupthing has negotiated an agreement for those clients who have a loan withKaupthing. Acta has during the last year spent approximately NOK 10 million andseveral man-years to arrive at this solution."We are pleased to present an offer to our clients which place them in a betterposition than if no agreement with Kaupthing had been reached", says Geir IngeSolberg, CEO in Acta."By closing this issue with according to our view a good offer to affectedclients, we hope that we now can put this matter to rest", says Solberg.Contact persons:Rune Wangsmo, Director public relations, +47 99 54 15 07Geir Inge Solberg, CEO, +47 90 87 80 43This information is subject of the disclosure requirements acc. to §5-12 vphl(Norwegian Securities Trading Act)[HUG#1383113]
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Datum: 11.02.2010 - 02:04 Uhr
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