Potential Disposals
12 Abril 2010 - 7:30AM
UK Regulatory
TIDMNLD
RNS Number : 0389K
Nordic Land PLC
12 April 2010
12 April 2010
NORDIC LAND PLC
Engagement of DTZ to explore potential asset disposals
The Board of Nordic Land Plc ("Nordic Land" or the "Company") announces that, in
response to the decline in the Company's share price which continues to trade at
a significant discount to the Company's net asset value per share and in light
of signs of recovery in demand for prime real estate assets in Sweden, it has
engaged DTZ in Sweden to explore the sale of all or part of its property
portfolio in Sweden (the "Potential Disposals"). The Potential Disposals will
only be pursued if the assets can be sold at valuations which result in a net
asset value per share materially above the current share price, and would
require shareholder approval.
Further updates will be provided in due course.
Nordic Land Plc
Ray Horney, Chairman Tel: +44
207 367 8888
(c/o Bankside Consultants)
SP Angel Corporate Finance LLP
Robert Wooldridge/ Tercel Moore Tel: +44 20
7647 9650
Matrix Corporate Capital LLP
Stephen Mischler Tel:
+44 20 3206 7203
Bankside Consultants
Simon Rothschild / Oliver Winters 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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