DDE Develica

 

TIDMDDE 
 
RNS Number : 6792A 
Develica Deutschland Ltd 
13 October 2009 
 

FOR IMMEDIATE RELEASE 
13 October 2009 
 
 
 
 
DEVELICA DEUTSCHLAND LIMITED: 
FAIR VALUE ADJUSTMENT OF INTEREST RATE SWAPS 
 
 
Develica Deutschland Limited (Develica" or "the Company"), the AIM-listed German 
property investor, today announces that the unaudited fair value adjustment of 
its interest rate swaps as at 30 September 2009 showed a liability of 
approximately EUR64.80m compared to a liability of EUR60.54m at 31 July 2009. 
The Company emphasises that the value of the interest rate swaps has no cash 
impact on the business or on Develica's debt covenants. The swaps are held in a 
special purpose vehicle and the above liabilities would only crystallise on 
disposal. 
Develica intends to continue reporting the current fair value adjustment of its 
interest rate swaps on a quarterly basis. 
 
 
Ends 
Contacts: 
    Derek Butler, Chairman, Develica.Tel: 020 7016 1860 
    Baron Phillips, Baron Phillips Associates.Tel: 020 7920 3161 
              07767 444193 
    Philip Secrett, Grant Thornton Corporate Finance                    Tel: 020 
7728 2578 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCILFFIIVLVLIA 
 

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