Saga Capital Investment Bank Iceland

Saga Capital's shareholder have unanimously approved the bank's restructuring project. The shareholders also elected a new Board of Directors.

There was excellent turnout at the shareholders meeting, held on Friday December 18, simultaneously at Saga Capital's offices in Akureyri and Reykjavik, as a total 81% of the shares showed up.

The shareholders approved the prospective restructuring of Saga Capital's balance sheet and granted Saga Capital's Board members a permission to see it through, consistent with the corresponding agreement with the State Treasury.

The meeting also elected a new Board of Directors. The new board consists of Eggert Arni Gislason, Gunnar Thor Gudmannsson, Halldor Johannsson, Svanhildur Nanna Vigfusdottir og Sindri Sindrason.