Landic Property hf.
Landic Property – Strategic review
Landic Property hf. / Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Landic Property is in the process of conducting a strategic review of the company in light of recent developments in the global financial market. This review focuses on the company´s current operations as well as its balance sheet with the goal to strengthen Landic Property´s financial position. Landic Property has retained UBS Investment Bank and Catella Corporate Finance as advisers to the group. Results are expected before the end of January 2009. Vidar Thorkelsson, CEO of Landic Property says: After the initial discussions with the company´s stakeholders I am optimistic that the strategic review will be a success and Landic Property will emerge from it as a strong real-estate company. According to Mr. Thorkelsson, investors have shown interest in the company. For further information please contact: Vidar Thorkelsson, CEO, Landic Property Tel: +354 669 4444 Sebastiaan van Loon, UBS Investment Bank Tel: +44 207 568 0944 Jesper Bo Hansen, Catella Corporate Finance Tel: +45 3393 7593 News Source: NASDAQ OMX 15.12.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: Landic Property hf. Iceland Phone: Fax: E-mail: Internet: ISIN: IS0000007763 WKN: End of News DGAP News-Service ---------------------------------------------------------------------------
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