DGAP-Adhoc: Burgenland Holding AG: Energie Burgenland AG, in which Burgenland Holding AG holds a 49 percent stake, prematurely ends its US Cross Border Lease

2019. augusztus 21., szerda, 15:23





DGAP-Ad-hoc: Burgenland Holding AG / Key word(s): Agreement/Forecast


Burgenland Holding AG: Energie Burgenland AG, in which Burgenland Holding AG holds a 49 percent stake, prematurely ends its US Cross Border Lease


21-Aug-2019 / 15:23 CET/CEST


Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.


The issuer is solely responsible for the content of this announcement.




The supervisory board of Energie Burgenland AG, in which Burgenland Holding AG holds a 49% stake, has in today"s meeting approved the early cessation of the US Cross Border Lease of Energie Burgenland AG"s networks entered into in 2001. The anticipated short-term expenditure will be offset by expected profits; in the medium term, the expected cessation, which includes granted collateral, should have a positive effect on the financial results of Energie Burgenland AG.


For the 2018/19 financial year of Energie Burgenland AG, which ends on 30 September 2019, a stable financial result on the level of the previous year"s financial result is expected.





Contact:

Burgenland Holding AG

Member of Executive Board


Dr. Klaus Kohlhuber

Technologiezentrum

Marktstraße 3

7000 Eisenstadt

Phone: +43 2236 200-12398

E-Mail: klaus.kohlhuber@evn.at








21-Aug-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



























Language: English
Company: Burgenland Holding AG

Marktstraße 3

7000 Eisenstadt

Austria
Phone: +43 2236 200 24186
Fax: +43 2236 200 84703
E-mail: info@buho.at
Internet: www.buho.at
ISIN: AT0000640552
WKN: 879095
Listed: Regulated Unofficial Market in Berlin, Stuttgart; Vienna Stock Exchange (Official Market)
EQS News ID: 861025





 
End of Announcement DGAP News Service




861025  21-Aug-2019 CET/CEST







fncls.ssp?fn=show_t_gif&application_id=861025&application_name=news&site_id=geo_holding_tug
Tilos a hír bármilyen adatbázisba történő mentése vagy annak továbbítása harmadik fél számára;kereskedelmi viszonylatban vagy kereskedelmi céllal csak a Deutsche Gesellschaft für Ad-hoc-Publizität mbh írásos engedélyével történhet.