DGAP-News: ORCO Germany obtains hearing date regarding sequestered shares
(firmenpresse) - DGAP-News: ORCO Germany S.A. / Key word(s): Legal Matter
ORCO Germany obtains hearing date regarding sequestered shares
13.12.2013 / 17:43
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ORCO Germany obtains hearing date regarding sequestered shares
Paris, 13 December 2013. On 11 December 2013, ORCO Germany, S.A. ('OG')
filed a request with the Tribunal de etàLuxembourg ('Tribunal') seeking
to overturn the summary court order that was obtained pursuant to the
unilateral request of ORCO Property Group, S.A.'s ('OPG') shareholders
Alchemy Special Opportunities Fund II LP ('Alchemy'), Kingstown Partners
Master Ltd., Kingstown Partners II LP, Ktown LP, and Forum Funds Absolute
Opportunity Fund (collectively 'Kingstown').
This summary court order sequestered the 114,600,000 OG shares issued to
Tandis, a.s., a company affiliated with Mr. Radovan Vitek following a
capital increase at a price of EUR 0.47/share for a total contribution of
EUR 53,862,000.
Pursuant to the Tribunal's order dated 13 December 2013, a hearing will be
held before the Tribunal on this matter on 19 December 2013.
For more information, visit us on www.orcogermany.de
About ORCO Germany
ORCO Germany S.A. is a property company that is listed in the General
Standard on the Regulated Market at Frankfurt Stock Exchange and has its
registered office in Luxembourg. The ORCO Germany Group, which acts
consistently under its registered name of ORCO Germany, has been operating
in Germany since 2004 and concentrates on commercial property and project
development.
ORCO Germany is a subsidiary of ORCO Property Group, which is one of the
leading Central European property companies. The ORCO Property Group,
established in 1991, is based in Luxembourg and has listings on NYSE
Euronext Paris, Prague and Warsaw stock exchanges.
For further information please contact:
Press-Contact:
Kirchhoff Consult AG
Sebastian Bucher
Herrengraben 1
20459 Hamburg
T +49 40 60 91 86 18
F +49 40 60 91 86 60
E sebastian.bucher(at)kirchhoff.de
End of Corporate News
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13.12.2013 Dissemination of a Corporate News, transmitted by DGAP - a
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The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
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Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: ORCO Germany S.A.
42, rue de la Vallée
L-2661 Luxembourg
Grand Duchy of Luxembourg
Phone: +49 (0)30 390 93 116
Fax: +49 (0)30 390 93 199
E-mail: patricia.jaenisch(at)orco-gsg.de
Internet: www.orcogermany.de
ISIN: LU0251710041
WKN: A0JL4D
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Düsseldorf, Stuttgart
End of News DGAP News-Service
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244789 13.12.2013
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Datum: 13.12.2013 - 17:43 Uhr
Sprache: Deutsch
News-ID 324258
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