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Burgenland Holding AG
Capital/Financing Update • Aug 21, 2019
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Capital/Financing Update
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Ad-hoc | 21 August 2019 15:23
Burgenland Holding AG: Energie Burgenland AG, in which Burgenland Holding AG holds a 49 percent stake, prematurely ends its US Cross Border Lease
Burgenland Holding AG / Key word(s): Agreement/Forecast
Burgenland Holding AG: Energie Burgenland AG, in which Burgenland Holding AG holds a 49 percent stake, prematurely ends its US Cross Border Lease
21-Aug-2019 / 15:23 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The supervisory board of Energie Burgenland AG, in which Burgenland Holding AG holds a 49% stake, has in today’s meeting approved the early cessation of the US Cross Border Lease of Energie Burgenland AG’s networks entered into in 2001. The anticipated short-term expenditure will be offset by expected profits; in the medium term, the expected cessation, which includes granted collateral, should have a positive effect on the financial results of Energie Burgenland AG.
For the 2018/19 financial year of Energie Burgenland AG, which ends on 30 September 2019, a stable financial result on the level of the previous year’s financial result is expected.
Contact:
Burgenland Holding AG
Member of Executive Board
Dr. Klaus Kohlhuber
Technologiezentrum
Marktstraße 3
7000 Eisenstadt
Phone: +43 2236 200-12398
E-Mail: [email protected]
21-Aug-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | Burgenland Holding AG |
| Marktstraße 3 | |
| 7000 Eisenstadt | |
| Austria | |
| Phone: | +43 2236 200 24186 |
| Fax: | +43 2236 200 84703 |
| E-mail: | [email protected] |
| Internet: | www.buho.at |
| ISIN: | AT0000640552 |
| WKN: | 879095 |
| Listed: | Regulated Unofficial Market in Berlin, Stuttgart; Vienna Stock Exchange (Official Market) |
| EQS News ID: | 861025 |
| End of Announcement | DGAP News Service |