DGAP-News: IKB International S.A.: Annual financial statements 2009/10 prepared - loss participation by silent partner contributions
(firmenpresse) - IKB International S.A. / Final Results
01.07.2010 09:39
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IKB International S.A.: Annual financial statements 2009/10 prepared
- loss participation by silent partner contributions
The Board of Directors of IKB International S.A. has prepared the Bank's
annual financial statements for the 2009/10 financial year ended 31 March
2010 and submitted them to its General Meeting for approval. The
preparation of the annual financial statements means that the conditions
for calculating the loss participation of the silent partner contribution
of IKB S.A. that ended on 31 March 2010 and the silent partner contribution
due for repayment on 17 November 2010 have now been defined. These are
explained below.
The annual financial statements for the 2009/10 financial year report a
loss before loss participation by silent partner contributions of EUR
-0.252 million. As a consequence of this loss, the contribution amounts of
the silent partner contributions reduced on account of prior loss
participation cannot be replenished and the profit participations of the
silent partner contributions scheduled for payment on 17 November 2010 have
been cancelled in line with the terms and conditions.
The silent partner contributions are repackaged by way of the following
issues of silent partnership certificates by Deutsche Bank Luxembourg S.A.
as fiduciary under Luxembourg law:
Issuer Financial instrument Maturity ISIN Exchange
Deutsche Bank Luxembourg S.A. Variable Rate Capital Contribution
Certificates 2010 XS0119317740 Luxembourg: Regulated Market (Bourse de
Luxembourg)
Deutsche Bank Luxembourg S.A. 8% Capital Contribution Certificates
2010 XS0119317823 Luxembourg: Regulated Market (Bourse de Luxembourg)
Deutsche Bank Luxembourg S.A. CMS Index-linked Capital Contribution
Certificates 2010 XS0119814456 Luxembourg: Regulated Market (Bourse de
Luxembourg)
The cancellation of profit distributions for the silent partnership
interests is accompanied by the cancellation of the corresponding
distributions on the silent participation certificates.
Given the loss at IKB S.A., the contribution amounts of the silent
partnership interests will be further reduced. The loss participation is
calculated in line with the respective contractual terms. The reduction of
the contribution amounts of the silent partnership interests also means
that the repayment claims from the silent partnership certificates on 17
November 2010 will be reduced.
Based on the financial statements for 2009/10, the repayment amounts after
loss participation are as follows:
Listed silent participation certificates relating to IKB International S.A.
Maturity ISIN Book value of the Silent Partnership
before loss participation in EUR
Repayment amount per security before loss participation in EUR
Repayment amount per security after loss participation for FY 2007/08
in EUR
Repayment amount per security after loss participation for FY 2008/09
in EUR
Repayment amount per security after loss participation for FY 2009/10
in EUR
2010 XS0119317740 10,000,000 5,000.00 1,302.44 950.46 950.39
2010 XS0119317823 45,000,000 5,000.00 1,302.44 950.46 950.39
2010 XS0119814456 15,000,000 5,000.00 1,302.44 950.46 950.39
The Board of Directors of IKB International S.A.
Luxembourg, 1 July 2010
contact:
Dr. Jörg Chittka
phone: +49 211 8221 4349
Fax: +211 49 8221 2349
mail: presse(at)ikb.de
Dr. Annette Littmann
phone: +49 211 8221 4745
fax: +49 8221 2745
mail: presse(at)ikb.de
01.07.2010 09:39 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: IKB International S.A.
12, rue Erasme
2017 Luxemburg
Luxemburg
Phone: +352 423 777 0
Fax: +352 420603
E-mail: ikb.luxemburg(at)ikb.de
Internet: www.ikb-international.de
ISIN: XS0103136353, XS0119317740, XS0119317823, XS0119814456
WKN: 353857
Listed: Foreign Exchange(s) Luxembourg
End of News DGAP News-Service
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