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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Nordic Land | LSE:NLD | London | Ordinary Share | JE00B1Z91C77 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 10.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From May 2019 to May 2024
TIDMNLD
RNS Number : 9269W
Nordic Land PLC
26 November 2010
Nordic Land Plc
26 November 2010
Update on asset sales
The Board of Nordic Land Plc ("Nordic Land") is pleased to announce that the sale of the properties at Sicklaon ("Sickla") has been completed.
As previously announced, the buyer has retained SEK 12 million from the gross consideration of SEK 35 million to cover it for the risk arising from the inability of Lehman Brothers International (Europe) to deliver the mortgage certificates for Sickla which it holds as security agent. The retained funds have been placed in a pledged account at Nordea Bank and will be released to Nordic Land when the original or replacement mortgage certificates for the Sickla properties are delivered to the buyer.
Nordic Land has now completed the disposal of its whole property portfolio.
For further enquiries:
Nordic Land Plc
Ray Horney, Chairman Tel: +44 20 7367 8888
(c/o Bankside Consultants)
SP Angel Corporate Finance LLP
Robert Wooldridge/Tercel Moore Tel: +44 20 7647 9650
Matrix Corporate Capital LLP Tel: +44 20 3206 7000
Stephen Mischler/Tim Graham
Bankside Consultants
Simon Rothschild/Louise Mason Tel: +44 20 7367 8888
This information is provided by RNS
The company news service from the London Stock Exchange
END
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