AI Terminal

MODULE: AI_ANALYST
Interactive Q&A, Risk Assessment, Summarization
MODULE: DATA_EXTRACT
Excel Export, XBRL Parsing, Table Digitization
MODULE: PEER_COMP
Sector Benchmarking, Sentiment Analysis
SYSTEM ACCESS LOCKED
Authenticate / Register Log In

Orca Investment PLC

Regulatory Filings Apr 2, 2013

2524_rns_2013-04-02_97868be9-9e3b-49ec-926a-6d2b578971bf.pdf

Regulatory Filings

Open in Viewer

Opens in native device viewer

Orca Investments Plc

Leoforos Poseidonos 77 Paphos 8042 Cyprus Phone: 26 813 060, Fax: 26 913 132

29th March, 2013

CSE Nicosia

Subject: Investors updating under the CSE Circular 04-2013

Following the recent and very serious developments as a result of the decisions taken by the European Commission concerning the Banking System of Cyprus, Orca Investments Plc, wishes to inform its investors the following:

  1. Cash in affected Banking Institutions.

  2. The Company maintains a current account with Laiki Bank, currently exhibiting a credit balance at the region of € 587,333.

  3. Our business has been affected due to the constraints imposed in the banking system. We hope that over the time, these measures will relax or will be completely removed, thus enabling the Company to continue uninterrupted operations with its associates,

  4. Due to the fact that these events have had a negative impact on the confidence of investors in Cyprus but especially outside Cyprus where the majority of the company's clients are based, it is currently unknown how our course of business will be affected.

  5. The loss of deposits affects our cash flow negatively. The management are doing their best so as this situation to affect the Company's operations to the minimum.

For any developments the company will keep investors informed.

Secretary

Andreas Anastasiou

Copy to: Social Securities and Exchange Commission

Talk to a Data Expert

Have a question? We'll get back to you promptly.