Release of Escrow Monies (2876C)
April 30 2012 - 2:00AM
UK Regulatory
TIDMNLD
RNS Number : 2876C
Nordic Land PLC
30 April 2012
Nordic Land plc (in Liquidation): release of Escrow Monies
Nordic Land plc (in Liquidation) ("Nordic Land" and, together
with its subsidiaries, the "Group") announces that replacement
mortgage certificates have been issued to the purchaser of the
Group's former properties in Sicklaon and that, accordingly, the
aggregate amount of SEK 29.5 million (GBP2.7 million) previously
held in escrow has been released to the Group.
An update on the Final Distribution will be issued by the end of
May 2012.
For further information please contact:
Nordic Land plc
Ray Horney +44 (0) 1273 775225
SP Angel Corporate Finance LLP
Robert Wooldridge +44 (0) 20 3463 2260
Matrix Corporate Capital LLP
Stephen Mischler +44 (0) 20 3206 7000
Bankside Consultants
Simon Rothschild +44 (0) 20 7367 8888
This information is provided by RNS
The company news service from the London Stock Exchange
END
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