Kaupthing ehf. (“Kaupthing” and the “Company“) is a company domiciled in Iceland. Kaupthing’s registered office is at Borgartún 26, 105 Reykjavík.
Kaupthing was in winding-up proceedings in accordance with the Act on Financial Undertakings, which were concluded on 23 December 2015 following a final confirmation of the Company’s Composition Agreement.
A new board of directors of Kaupthing, which replaced the court appointed Winding-up Committee, was elected at a shareholders’ meeting in Reykjavik on 16 March 2016 and two new board members were elected at a shareholders‘ meeting in Reykjavik on 23 November 2016.
The board of directors of Kaupthing has now the following members: Mr. Alan J. Carr who is the chairman, Mr. Paul Copley who is also the Chief Executive Officer and Mr. Óttar Pálsson (all elected 16 March 2016) and Mr. Benedikt Gíslason and Mr. Piergiorgio Lo Greco (both elected 23 November 2016).
The new board will operate the Company in accordance with the objectives laid out in the Company’s new Articles of Association and the Terms and Conditions of the GBP Convertible Notes due 2031.