Jacob Leth resigns from the Board of Directors

18-05-2010
Jacob Leth resigns from the Board of Directors

Today, Jacob Leth, member of the Board of Directors of Eik Banki, has announced to the Bank that in order not to damage the Bank’s reputation he resigns from the Board, effective immediately. The decision is made following recent media attention

“The only reason that I resign from the Board of Directors is that I do not wish to put my own interests ahead of those of the Bank. My conscience is clean as I have done nothing wrong” says Jacob Leth, who in Danish and Faroese media has been accused of breaking the law in connection with securities trading.

Frithleif Olsen, Chairman of the Board of Directors, regrets the situation. “We have appreciated our cooperation with Jacob Leth, and it is regrettable that this situation has arisen. We do, however, deeply respect Jacob Leth's decision. I wish to use this opportunity to thank Jacob Leth for his contribution to the Board of Eik Banki, however brief, and wish him all the best.”

Jacob Leth was elected to the Board of Directors of Eik Banki P/F at the General Meeting held on 27th March 2010.

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	Eik Banki P/F
	P.O. Box 34 Yviri við Strond 2 FO-100 Tórshavn Faroe Islands

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