INTERNET BANKING (IOM) AND KAUPTHING EDGE (IOM) ARE NO LONGER AVAILABLE.

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IMPORTANT CUSTOMER INFORMATION

Creditors Meeting and Claim Process

Scheme of Arrangement

Previous Court Orders & M Simpson Affidavit

Creditor Discussion Forums

Roadshow Presentations

Conference Calls

Useful Websites   

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UPDATES

March 2010  04 

February 2010  08  15  19

January 2010  13  21  22  26

December 2009  07  11  18  21  30

November 2009 10  25

October 2009 14

September 2009 03(i) (ii)

August 2009  20 

July 2009  01(i) (ii)  22  29  30  

June 2009  01  12  17  18  22  23  25

May 2009  15  22  27  

April 2009  02  09  17  24   

March 2009  06  13  20  27

February 2009  13  20  27

January 2009  07  16  23  30

December 2008  05  12  19

November 2008  04  05  14  27

October 2008  13  15  20  24

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2 April 09

Kaupthing Singer & Friedlander UK Limited (In Administration) (“KSFUK”)
A number of creditors have contacted me following reports in the UK press regarding compensation being provided to certain creditors of KSFUK. KSFIOM creditors have expressed their concerns regarding these particular creditors potentially being granted preference over other creditors of KSFUK, such as KSFIOM.

It is our understanding that the Financial Services Compensation Scheme ("FSCS") has paid compensation in full to both Mr Whelan (to allow for the purchase of the fitness clubs business from JJB plc, which will be rebranded as DW Sports Fitness) as well as deposits due to Stockcube plc. Stockcube plc has announced that its cash on deposit as well as interest due from KSFUK has been compensated by FSCS.

The joint Liquidators Provisionally wish to clarify their understanding that compensation to these parties has not been provided by KSFUK, but by the FSCS. KSFIOM cannot claim compensation from the FSCS in this regard. 

 

Sale of JJB plc shares
The joint Liquidators Provisionally can confirm that KSFIOM has also disposed of its shareholding in JJB plc. The joint Liquidators Provisionally have no further news regarding the realisation of assets at this time.

 

Contacts
As previously, the best way to make contact is to write to the bank or 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