Luxembourg, 30 September, 2009 – ECM Real Estate Investments A.G. (“ECM REI”) has duly met its liabilities towards its bond investors and on 30 September, 2009 has made the payment of coupons totaling CZK 28.4 million on CZK denominated bonds issued in March, 2007.
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Luxembourg, 26th August 2009 – ECM Real Estate Investments A.G. (“ECM” or the “Company”) announces its consolidated and reviewed financial results for the first half 2009, in accordance with IFRS.
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Luxembourg, 20th August 2009 – ECM Real Estate Investments A.G. (“ECM”), has scheduled the release of its reviewed consolidated interim IFRS financial results for the six months ended 30th June 2009 after the closing of the Prague Stock Exchange on 26th August 2009 (16:00 CET).
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Luxembourg, 1st July 2009 – In accordance with the conclusions of the General Meeting
that took place on April 28th, 2009, the Board of ECM REAL ESTATE INVESTMENTS
A.G. („ECM REI“) has adopted a vigorous cost restructuring. By strengthening its cash
flow on the highly volatile Central European real estate market, ECM REI wants to support
the long-term value for its shareholders and it believes that this can be reached by
increased outsourcing which, in terms of project management and servicing, is supported
by significant savings made through economies of scale. The Board of ECM REI is aiming
to reach a reduction in its operational costs in the level of 20 – 25% per year and it plans to
re-invest such cost savings to finalize its own selected development projects.
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Luxembourg, 27th May 2009 – ECM Real Estate Investments A.G. (“ECM” or the “Company”) announces its consolidated unaudited results for the first quarter 2009, in accordance with IFRS.
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Luxembourg, 20th May 2009 – ECM Real Estate Investments A.G. (“ECM”), has scheduled the release of its consolidated unaudited IFRS financial results for the three months ended 31st March 2009 after the closing of the Prague Stock Exchange on 27th May 2009 (16:00 CET).
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ECM Real Estate Investments A.G. (“ECM REI” or „the Company“) held its Annual General Meeting („the Meeting“) of company shareholders on 28th April, 2009 in Luxembourg.
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ECM Real Estate Investments A.G. announces resignation of the Bondholders representative (ISIN: XS0319645981)
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Luxembourg, 30 March 2009 – ECM Real Estate Investments A.G. (“ECM REI”) duly meets its liabilities towards its bond investors and on 30 March, 2009 made the payment of coupons totalling CZK 27.4 million on CZK denominated bonds issued in March 2007.
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2008 results strongly impacted by ongoing crisis on financial and real estate markets, with NAV down by 43%, mainly due to asset devaluations.
Despite total reported loss reaching EUR 92 million, driven mainly by non-cash effect of valuation losses, net rental and service related income up by 66%.
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