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Kaupthing Bank (STO:KAUP) The resolution committee of Kaupthing Bank hf. has sent a request to the OMX Nordic Exchange in Iceland that the company's shares be removed from trading in accordance with Article 24, paragraph 2, of Act no. 110/2007 on Stock Exchanges.
The request is made on the basis of a letter from the board of directors of Kaupthing Bank hf. to the Icelandic Financial Supervisory Authority (FME) dated 8 October 2008 in which the board of directors tendered its resignation and requested that the FME take control of the bank in accordance with Act no. 125/2008 on the Authority for Treasury Disbursements due to Unusual Financial Market Circumstances.
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