Icelandic Group hf.
– Redditch Site Closure
Icelandic Group hf. / News Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Coldwater Seafood has reached agreement with the Redditch workforce and the trade union Unite to close the site following the 90 day consultation process which started in early March. Redundancy terms have been agreed with the workforce and an expected closure date of 6th June 2008 has been confirmed. The meals business at Redditch will be transferred to Coldwater's two sites in Grimsby. A product transfer plan is underway along with the preparations to decommission the factory following the closure date. For further information please contact: Finnbogi A. Baldvinsson, CEO + 49 1723 198 727 06.05.2008 Financial News transmitted by DGAP ----------------------------------------------------------------------
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