Nordic Land Limited, a Jersey incorporated company established to invest principally in retail property in the Nordic Region, on Friday launched its ordinary shares on the AIM segment of the London Stock Exchange under ticker symbol NLD.
Nordic Land Limited, a Jersey incorporated company established to invest principally in retail property in the Nordic Region, on Friday launched its ordinary shares on the AIM segment of the London Stock Exchange under ticker symbol NLD.
Nordic Land has raised an additional £4.9 mln (EUR 7.3 mln) via a placing of 4,878,838 ordinary shares at a price of £1 per share. The proceeds from
the placement will be used to expand the company's property portfolio in the Nordic Region. In April 2007 the company raised £13.4 mln of initial capital through a private placement following which it acquired two properties in Sweden with a total value of approximately £50 mln.
