This is the official site of Byr Savings Bank during the winding-up process.
Byr Savings Bank
Gunnar Þór Þórarinsson, Chairman
General inquiries: ByrWindingUp@gmail.com
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.
For information and forms on transfers of shares and debt instruments, post composition, please see this link.