INTERNET BANKING (IOM) AND KAUPTHING EDGE (IOM) ARE NO LONGER AVAILABLE.
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IMPORTANT CUSTOMER INFORMATION
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UPDATES
March 2010 04
February 2010 08 15 19
November 2009 10 25
October 2009 14
August 2009 20
February 2009 13 20 27
December 2008 05 12 19
November 2008 04 05 14 27
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13 MARCH 09
General Information
The Joint Liquidators Provisionally continue to work with the Isle of Man Treasury in helping develop its proposed Scheme of Arrangement.
As outlined previously, the Joint Liquidators Provisionally understand and empathise with creditors seeking more information regarding the detail of the Scheme of Arrangement. However, as the Scheme of Arrangement is still being drafted it cannot be shared with creditors at this time. When this information becomes available, this information will be placed on the website. The Joint Liquidators Provisionally appreciate your continued patience in this regard.
As outlined on the website updates of 20 February 2009 and 6 March 2009 some level of detail has been provided in relation to the Scheme of Arrangement. For the purposes of clarity, the Scheme will be presented to creditors who will then have the opportunity to vote for or against it. In order to approve the Scheme more than 50 percent in number and 75 percent in value of those voting in each class of creditors need to vote in favour.
The Joint Liquidators Provisionally would like to emphasise that they continue to protect the assets of the Bank and are engaged in the realisation of those assets for the benefit of creditors. There is no further news regarding the realisation of assets at this time.
Additional Information
As requested on the creditor conference call of Monday 9 March 2009, a breakdown of the Depositor profile is attached below. This detail provides the breakdown of the number of customers, accounts and value by five categories.
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No. of Customers |
No. of Accounts |
Amount (£) |
| Individuals |
5,248 |
6,538 |
303,391,801 |
| Joint |
3,114 |
3,937 |
174,397,037 |
| Company |
797 |
1,242 |
108,515,768 |
| Trust |
229 |
372 |
17,664,124 |
| Insurance Companies |
1,970 |
1,970 |
289,876,074 |
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11,358 |
14,059 |
893,844,804 |
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| Source: Bank Records |
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Telephone conference dial in details
Following a conference call with the Depositors Action Group which took place on Monday 9 March 2009, I have set up a seventh conference call which will take place on Monday 6 April 2009 4pm BST.
I am making the access details generally available to depositors. If you wish to listen to the call, you will need to register in advance. Please click the link to register.
https://cossprereg.btci.com/prereg/key.process?key=PJ646DXC3
Participation will be on a listen only basis. The facility is provided by a third party and accordingly there is a cost per head for usage. Should any party register and then not attend the liquidation will be charged.
The number of lines is limited and I would request that only those depositors who are able to make the call register as we will make the audio recording of the call available on the website for those of you who are unable to attend. Should depositors choose this route to listen, it will significantly reduce the costs. The audio recording from the previous calls are available on the KSFIOM website.
Contacts
As previously, the best way to make contact is to write to the bank or to email branch@kaupthing.com. If you need to telephone the bank, please use the main switchboard number +44 1624 699222.
Mike Simpson
Joint Liquidator Provisionally
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