THE PARIS COURT OF APPEAL CRIMINAL PROCEEDING
On 28 August 2017, the Criminal Court of Paris ruled in favour of Landsbanki Luxembourg estate in a criminal proceeding initiated against the estate and some of its former employees.
Claims for damages brought against Landsbanki Luxembourg estate by certain equity release borrowers in France (plaintiffs) were also dimissed by the first instance court.
On 1 September 2017, the French Public Prosecutor and most of the plaintiffs lodged an appeal against said judgement. The hearing before the Paris Court of Appeal is scheduled to be held from 9 to 31 of May 2019.
LBI will host investors calls to discuss the ongoing hearing. Shareholders of LBI who are interested to participate in the calls will need to register in advance to participate, at the latest before end of Friday 26 April 2019.
Those shareholders of LBI who will register in the calls before the above time limit will also need to sign a NDA prior to attending the calls.