Homburg Invest Inc. Announcement
(Thomson Reuters ONE) -
HOMBURG INVEST INC.
Shares issued Class A - 17,094,489 Class B - 3,148,538
HALIFAX, Nova Scotia. September 24, 2010 - (TSX: HII.A & HII.B and NYSE Euronext
Amsterdam: HII) - The Netherlands Authority for the Financial Markets (AFM)
today published an announcement on its website according to which a request for
information had been issued to Homburg Invest Inc. (HII) on 29 April 2010 which
had not been complied with in full within the 10-day compliance period. HII
disputes the assertion that it only provided part of the information requested
by the AFM. HII is of the opinion that it provided the AFM with all the
information requested within the compliance period and it therefore intends to
lodge an appeal with the Rotterdam district court against this measure. The fact
that the AFM holds the view that only part of the requested information was
provided is associated in particular with the notably vague way in which a
number of questions were phrased in the request for information (in legal terms:
the request for information was insufficiently specific and defined). For
example, the AFM had requested an organizational chart of the group to which HII
belongs. HII subsequently provided such an organizational chart within the
stated deadline, noting that a certain part of the group structure allows for
the conversion of shares into depositary receipts. Because the relevant notarial
deeds relating to the issue of depositary receipts were not included along with
the response to the request to provide an organizational chart, the AFM is of
the opinion that the request for information was not complied with in full. It
is inconceivable to HII that a reasonably acting regulator should avail itself
of instruments of regulation, compliance and enforcement in the manner currently
demonstrated by the AFM. HII complies with the laws and regulations applicable
to it as an investment institution in the Netherlands and Canada. HII continues
to aspire to good relations with the AFM in its capacity as regulator.
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 41.3% of the
units of Homburg Canada Real Estate Investment Trust. The head office of the
Company is located in Halifax, Nova Scotia.
For further information, please contact:
Mr. Richard Homburg,
Chairman and CEO
Homburg Invest Inc.
902-468-3395
or
J. Richard Stolle
President and COO
Homburg Invest Inc.
31-20-573-3855
This news release may contain statements which by their nature are forward
looking and express the Company's beliefs, expectations or intentions regarding
future performance, future events or trends. Forward looking statements are made
by the Company in good faith, given management's expectations or intentions
however, they are subject to market conditions, acquisitions, occupancy rates,
capital requirements, sources of funds, expense levels, operating performance
and other matters. Therefore, forward looking statements contain assumptions
which are subject to various factors including: unknown risks and uncertainties:
general economic conditions; local market factors; performance of other third
parties; environmental concerns; and interest rates, any of which may cause
actual results to differ from the Company's good faith beliefs, expectations or
intentions which have been expressed in or may be implied from this news
release. Therefore, forward looking statements are not guarantees of future
performance and are subject to known and unknown risks. Information and
statements in this document, other than historical information, should be
considered forward-looking and reflect management's current views of future
events and financial performance that involve a number of risks and
uncertainties. Factors that could cause actual results to differ materially
include, but are not limited to, the following: general economic conditions and
developments within the real estate industry, competition and the management of
growth. The Toronto Stock Exchange has neither approved nor disapproved of the
information contained herein.
[HUG#1446850]
PDF version of the press release:
http://hugin.info/138798/R/1446850/389725.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
Unternehmensinformation / Kurzprofil:
Datum: 24.09.2010 - 19:24 Uhr
Sprache: Deutsch
News-ID 43038
Anzahl Zeichen: 0
contact information:
Town:
Halifax
Kategorie:
Business News
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