Investing company
Nordic Land plc was established in April 2007 as a Jersey-registered property investment company to invest principally in retail real estate in the Nordic region.
During 2007, the Company acquired three properties in Sweden and its shares were admitted to trading on AIM.
However, following approval at a shareholder meeting on 7 October 2010, the Company has undertaken a disposal of its property portfolio after which its operations effectively ceased. Following further shareholder approval on 6 December 2010, the directors have commenced a summary winding up of its operations.
The directors expect to return the cash proceeds arising from the sale of the properties to shareholders in two distributions:
| – | an initial distribution in January 2011 of approximately 10 pence per share; and |
| – | a final distribution in the first quarter of 2012 of approximately 12 pence per share. |
Further information is available in the circulars to shareholders published on 17 September 2010 and 18 November 2010 available within the Investor Information section of this website.
