30.07.2013
IVG Immobilien AG DE0006205701
DGAP-Adhoc: IVG Immobilien AG: Board of Management of IVG Immobilien AG reviews positive going concern forecast for IVG Immobilien AG
IVG Immobilien AG / Key word(s): Capital Reorganisation/Restructure of Company
30.07.2013 22:00
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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In the context of the talks between IVG Immobilien AG (IVG or the company)
and the key creditors and shareholders of the company, the timetable
prepared by the company with regard to the measures necessary for the
comprehensive restructuring of the company and published by ad hoc
disclosure on 31 May 2013 originally intended that a proposal for the
consensual restructuring of the company outside insolvency proceedings must
be submitted before 20 July 2013 so that the shareholders of the company
could vote on it at an Annual General Meeting of the company on 30 August
2013. On the basis of statements from the legal advisors of certain major
creditors of SynLoan I, SynLoan II and the convertible bond grouped in 'ad
hoc committees' on 19 July 2013 (see the company's ad hoc disclosure of 19
July 2013), the company had declared itself willing to postpone the Annual
General Meeting provisionally to 12 September 2013 so that the joint
restructuring proposal expected by 30 July 2013 could be presented to the
shareholders of IVG in order for a resolution to be passed at this Annual
General Meeting.
Today, the Board of Management of the company ascertained that no such
comprehensive and joint restructuring proposal has been put forward by the
three abovementioned creditor groups - against the company's expectations
and despite repeated appeals to the representatives of the creditor groups.
Against this backdrop, the IVG Board of Management is now carefully
examining whether the positive going concern forecast for IVG can continue
to be upheld. The company will communicate the results of this review as
soon as possible.
30.07.2013 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: IVG Immobilien AG
Zanderstr. 5-7
53177 Bonn
Germany
Phone: +49 (0)228 844-400
Fax: +49 (0)228 844-372
E-mail: [email protected]
Internet: www.ivg.de
ISIN: DE0006205701, DE000A0JQMH5
WKN: 620570, A0JQMH
Listed: Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime
Standard), München; Freiverkehr in Hamburg, Hannover,
Stuttgart
End of Announcement DGAP News-Service
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Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu
IVG Immobilien AG ISIN: DE0006205701 können Sie bei EQS abrufen
Immobilien (Gewerbe) , 620570