Landic Property hf.
The board of Landic Property hf. requests a bankruptcy petition
Landic Property hf. / 26.01.2010 Dissemination of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- The board of Landic Property hf. has requested a bankruptcy petition of the company's holdings before the District Court in Reykjavik. The creditors of Landic Property hf. rejected the composition proposal for the company. 79 creditors passed the proposal, 6 stood by or were not present, but 2 rejected the proposal. Those who control 97,65% of the claim amount passed the proposal, but the percentage of the headcount of those who passed the proposal was 83,5%. Both percentages would have needed to be at least 96% so the proposal would be considered approved. In regard to the results of the creditors meeting the company has decided to request a bankruptcy petition. After the reconstruction over the past months Landic Property hf. has become a holding company. The company's main assets are cash, about 900 million ISK, rights of claimants around 300 million ISK, and 16% equity in the real estate company Reitir. The company's total debt is around 120 billion ISK. For further information please contact: Eiríkur S. Jóhannsson Chairman, Landic Property hf. Tel: 669-9010 Email: esj@steinvirki.is News Source: NASDAQ OMX 26.01.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Landic Property hf. Iceland Phone: Fax: E-mail: Internet: ISIN: IS0000007763 WKN: End of News DGAP News-Service ---------------------------------------------------------------------------
Aktuelle News
Aktuelle Berichte
Keine Berichte gefunden
Anstehende Events
Keine Events gefunden
Webcasts
Keine Webcasts gefunden