Group head office sold

Jun 10, 2015, 10:40

Today, IC Group signed an agreement with Øens Invest ApS for the sale of the Group’s property at Raffinaderivej 10, 2300 Copenhagen S, Denmark, at a total price of DKK 150 million.

 

The Group’s mortgage loan on the property in the amount of DKK 140 million forms part of the transaction. Transfer of the property will take no later than 1 January 2016. The Group expects the impact of the sale on the Group’s earnings and cash flow to be positively insignificant.

 

As a result of the sale, IC Group will now be looking to relocate to a much smaller property in the Copenhagen area during the first half of 2016. The agreement with Øens Invest ApS includes an opportunity for the Group to rent office space at the property up until 31 December 2016.

 

 

IC Group A/S

Mads Ryder

Group CEO

 

 

Please direct any queries regarding this announcement to:

Jens Bak-Holder

Investor Relations Manager

+45 21 28 58 32