DGAP-News: Berliner Synchron AG: Sale and lease-back of business property; Relief from the burden of debt and release of funds for further restructuring and development of the company
(firmenpresse) - DGAP-News: Berliner Synchron AG / Key word(s): Restructure of
Company/Strategic Company Decision
Berliner Synchron AG: Sale and lease-back of business property; Relief
from the burden of debt and release of funds for further restructuring
and development of the company
10.04.2013 / 08:01
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Berlin, 09.04.2013 - Negotiations for the sale and leaseback of the
property in Lankwitz are progressing successfully. An institutional real
estate investor, preferred by the company, has declared its intention to
approve the contract, notarised today by a representative without power of
attorney, at the end of next week. This transaction will not only allow
Berliner Synchron to write off almost all its debts at a stroke but also
free up resources for further rapid restructuring of the company.
The board already announced on 03.05.2013 that it did not anticipate being
able to realise the book value of the property as of 30.09.2012 in full.
With the conclusion of this impending purchase agreement, it will only be
short of the amount. A corresponding amortisation of the market value,
which will not affect liquidity, is to be carried out as of 31.12.2012. As
feared, the sale of the land will thus lead to a loss for 2012, but only to
a small extent..
Furthermore, it will address the concern the Board expressed on 05.03.2013
of having to determine the loss of half of the equity, requiring the
calling of an extraordinary general meeting. In the view of the Board, this
is very good news for shareholders.
Following certification of the land sale, the annual accounts for 2012 can
quickly be completed and the Annual General Meeting called. For Berliner
Synchron, the way will thus now be clear to implement further restructuring
and future business strategy.
Upcoming events
25 April 2013: Publication of the preliminary annual figures for 2012
30 April 2013: Publication of the annual figures for 2012
06 - 08 May 2013: Entry and General Standard Conference of the Frankfurt
Stock Exchange
About Berliner Synchron AG
Berliner Synchron AG is the origin of dubbing services in Germany for the
professional language adaptation and subtitling of international feature
films and television productions, corporate media and multimedia content,
as well as barrier-free localization solutions. As one of the leaders of
the German dubbing industry with more than 60 full-time employees, the
company has built up an excellent world-wide reputation over its 63 years
and has a track record of more than 7,000 localized projects. With a
passion for language and sound as well as respect for the creative
invention of the original, this well-established company has been devoted
to one purpose since its founding in 1949: To feel the original.
For more information: www.berliner-synchron.de
Contact:
Berliner Synchron AG
Marcus Dröscher
Head of Finance and Accounting
E-Mail: mdroescher(at)berliner-synchron.de
Phone: +49 30 767 87 101
Mühlenstraße 52-54
D-12249 Berlin
End of Corporate News
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206395 10.04.2013
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Datum: 10.04.2013 - 08:01 Uhr
Sprache: Deutsch
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