Landic Property hf.
Results of Landic Property hf’s shareholders meeting held 29 January 2009
Landic Property hf. / Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- The Landic Property hf shareholders meeting was held today, 29 January 2009. The following proposals were submitted to the meeting and approved: 1: Proposal to amend article 4.1., changing the number of Landic Property´s Board of Directors members from seven to five; and 2: Proposal to grant the Board of Directors of Landic Property authorization to continue the strategic review and a restructuring of the company. As stated in the announcement from Landic Property on the 5 December 2008, the company is conducting a strategic review in light of the continuing adverse market conditions. Following conclusions from the strategic review to date, the shareholders meeting of Landic Property hf., held of 29 January 2009 resolves to grant the Board of Directors of Landic Property authorization to continue the strategic review and a restructuring of the company. Such a restructuring may, amongst other options, involve a sale of assets that do not fit within the new strategy of the company. This authorization will be effective until year end 2009. News Source: NASDAQ OMX 29.01.2009 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 ---------------------------------------------------------------------------
Latest News
Latest Reports
No Reports found
Upcoming Events
No Events found
Webcasts
No Webcasts found