date:May 17, 2012
ns in our chosen categories.
The adjusted EBITDA referred to the firms sale of Bakkavr Trateur and the closure of English Village Salads and Exotic Farm Produce.
Corporate restructuring
Gudmundsson, who founded the business with brother Lur, reported significant progress on their proposed corporate restructuring, which he said would be concluded soon.
Bakkavr Group ehf, ultimate owner of the business, has outstanding convertible debt that is due to convert into equity in June 2014. Last