RomReal : Liquidity Budget 2012 Highlights
(Thomson Reuters ONE) -
RomReal's board approved the 2012 budget. The highlights from the liquidity
budget are:
a) A 25% increase in Income from the re organization of Rental Income
collection deriving from the land bank.
b) The administrative costs have been further lowered by another 10 to 20%,
after a year on year cut of 13% in 2011. As of 1st January 2012, the Company's
Board is to be reduced from 7 to 6 members and the Directors' fee is proposed to
be reduced by another 20%. As a result of the Board reduction, Mr. Thor Bjordal
will resign from the Board as of 1st January 2012.
For any enquires please contact:
Harris Palaondas
Investor Relations
Investors(at)romreal.com
+40731123037
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
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: RomReal via Thomson Reuters ONE
[HUG#1574484]
Unternehmensinformation / Kurzprofil:
Datum: 30.12.2011 - 22:44 Uhr
Sprache: Deutsch
News-ID 100390
Anzahl Zeichen: 1464
contact information:
Town:
Hamilton
Kategorie:
Business News
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