News

  • The Annual General Meeting of Old Byr Holding ehf. was held on 3 May 2016.
  • The Annual General Meeting of Old Byr Holding ehf. has been postponed until 3 May 2016.
  • Annual General Meeting of Old Byr Holding ehf. will be held on 12 April 2016 at the offices of Mandat slf. in Ránargata 18, 101 Reykjavík and will start at 10:30 AM.

Winding-up Proceedings

This is the official site of Byr Savings Bank during the winding-up process. 
 
Byr Savings Bank went into a formal winding-up proceedings on 22 April 2010, which concluded with a composition on 9 December 2015.  The Company is now headed by a Board of Directors and its purpose is to solve outstanding disputes and pay all remaining assets to the holders of the Company's debt instruments and shares.
 
Byr Savings Bank
Ranargata 18
101 Reykjavík
Iceland
 
General inquiries:  ByrWindingUp@gmail.com
 
  

Important dates

A date for the next shareholders meeting has not been set.
  
 

Legal form post composition

The name of the Company has been changed from Byr Savings Bank to Old Byr ses.  Tax no 610269-2229.  It is, as before, a not-for-profit organization and complies with Act no 2/1995 on limited liability companies.  A new holding company has been formed, Old Byr Holding ehf. and complies with Act no 138/1994 on private limited liability companies.  Tax no 471215-2280.  Old Byr Holding ehf. is the owner of Old Byr ses.
 
Creditors are now shareholders in Old Byr Holding ehf.  In addition they also received non-interest bearing EUR debt instruments issued by Old Byr ses.  Distributions will be by repayment of the debt instruments and then, if needed, by dividends.
  
 

Transfers

For information and forms on transfers of shares and debt instruments, post composition, please see this link.