Homburg Invest settles disclosure issue with Nova Scotia Securities Commission
(Thomson Reuters ONE) -
Shares issued: Class A - 17,094,490 Class B - 3,148,538
HALIFAX, Nova Scotia. August 11, 2011 - (TSX: HII.A & HII.B and NYSE Euronext
Amsterdam: HII) - Homburg Invest Inc. ("Homburg Invest" or the "Company") said
today that, following a hearing held August 11, 2011 before the Nova Scotia
Securities Commission, that it acknowledges that it violated Section 18 of the
Nova Scotia Securities Act when the Company failed to file a News Release and a
Material Change Report in a timely manner with respect to an Instruction
received from the Netherlands Authority for Financial Markets on April
22, 2011. The Company filed such News Release and Material Change Report on May
30, 2011 following the dismissal of Homburg Invest's objection to the
Instruction by the District Court of Rotterdam in the Netherlands. The Company
has agreed to pay a $75,000 fine plus costs to settle the matter with the Nova
Scotia Securities Commission.
"Our decision not to disclose was made in good faith at the time, as the matter
was under appeal and subject to a Hearing before the Courts in the Netherlands,"
said Jan Schöningh, President and Chief Executive Officer. "In retrospect, we
now agree that we should have filed a News Release and Material Change report
upon the receipt of the Instruction and we accept responsibility for not having
done so."
About Homburg Invest
Homburg Invest Inc. owns and develops a diversified portfolio of quality
commercial real estate including office, retail, industrial and development
properties throughout Europe and the United States, as well as 23.1% of the
units of Homburg Canada Real Estate Investment Trust. The head office of the
Company is located in Halifax, Nova Scotia.
-30-
For further information, please contact:
Caroline Martel
NATIONAL Public Relations
(514) 843-2313
PDF version of the press release:
http://hugin.info/138798/R/1538103/469731.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Homburg Invest Inc. via Thomson Reuters ONE
[HUG#1538103]
Unternehmensinformation / Kurzprofil:
Datum: 11.08.2011 - 23:28 Uhr
Sprache: Deutsch
News-ID 57198
Anzahl Zeichen: 2848
contact information:
Town:
Halifax
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 139 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Homburg Invest settles disclosure issue with Nova Scotia Securities Commission"
steht unter der journalistisch-redaktionellen Verantwortung von
Homburg Invest Inc. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
