DGAP-Adhoc: Burgenland Holding AG: Energie Burgenland AG, in which Burgenland Holding AG holds a 49% interest, has an open position vis-à-vis Commerzialbank Mattersburg on account of daily allowances in the mid-single-digit million euro range

2020. július 15., szerda, 13:06





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


Burgenland Holding AG: Energie Burgenland AG, in which Burgenland Holding AG holds a 49% interest, has an open position vis-à-vis Commerzialbank Mattersburg on account of daily allowances in the mid-single-digit million euro range


15-Jul-2020 / 13:06 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.




Burgenland Holding AG was informed today by Energie Burgenland AG that it invested a minor portion, measured against the total volume, of its daily allowances in Commerzialbank Mattersburg im Burgenland Aktiengesellschaft, whose business operations have been prohibited with immediate effect by the Austrian Financial Market Authority (FMA). Energie Burgenland AG assumes, subject to further developments, that a substantial portion of such funds will not be recoverable, which is why it expects, as a result thereof, a one-time negative effect on earnings in the - at most - mid-single-digit million euro range for its 2019/20 financial year ending 30 September 2020.


The financial results of Burgenland Holding AG are largely dependent on the financial results of Energie Burgenland AG, in which it holds a 49% interest.





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








15-Jul-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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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: 1094047





 
End of Announcement DGAP News Service




1094047  15-Jul-2020 CET/CEST







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