Interest rate swaps
04 Junho 2009 - 4:20AM
UK Regulatory
TIDMDDE
RNS Number : 3468T
Develica Deutschland Ltd
04 June 2009
FOR IMMEDIATE RELEASE
4 June 2009
DEVELICA DEUTSCHLAND LIMITED:
("DDL", or "The Company")
INTEREST RATE SWAPS
Further to the announcement regarding the Citi waiver the Board is now providing
an update on the position of the Company's interest rate swaps. The unaudited
fair value adjustment of DDL's interest rate swaps as at 31 March 2009 showed a
loss of EUR65.4m and it is estimated that as of 2 June 2009 the current fair value
adjustment value has reduced that loss to nearer EUR63m.
The Board would like to emphasise that the value of the interest rate swaps has
no cash impact on the Company or on its debt covenants and that the swaps are
held at an SPV level and would only crystallise on a disposal.
The Board intends to advise shareholders further on the current fair value
adjustment of the interest rate swaps in the Company's final year end results
which are expected to be announced in July.
Ends.
Contact:
Derek Butler, Chairman, Develica. Tel: 020 7016 1860
Baron Phillips, Baron Phillips Associates. Tel: 020 7920 3161
07767 444193
Philip Secrett, Grant Thornton UK LLP Tel: 020 7728 2578
This information is provided by RNS
The company news service from the London Stock Exchange
END
FUREAXKLEFPNEEE
Develica (LSE:DDE)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024
Develica (LSE:DDE)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024
Notícias em tempo-real sobre Develica da Bolsa de Valores de Londres bolsa de valores: 0 artigos recentes
Mais Notícias de Develica Deutschland