Brief: Slaskie Kamienice Adopts Strategy For 2020-2022

Berg Holding SA

04/03/2020 07:04

March 4 (Reuters) - SLASKIE KAMIENICE SA  SLKP.WA :
    * SAID ON TUESDAY THE COMPANY HAS RESOLVED TO EXPAND ITS
CORE
BUSINESS ACTIVITY BY NEW LOCATIONS ON THE TERRITORY OF POLAND
    * AS A RESULT THE MANAGEMENT DECIDED TO CREATE A DEVELOPMENT
STRATEGY FOR THE COMPANY AND THE CAPITAL GROUP FOR 2020-2022
    * UNDER 2020-2022 STRATEGY THE COMPANY PLANS TO FOUND A
SPECIAL
PURPOSE VEHICLE WHICH WILL OPERATE IN LODZKIE VOIVODSHIP UNDER
THE NAME OF LODZKIE KAMIENICE AND IN WHICH THE COMPANY WILL HOLD
100% STAKE
    * THE COMPANY ALSO PLANS TO EXPAND ITS CURRENT PROPERTY
DEVELOPER
ACTIVITY 
    * THE COMPANY PLANS TO FULFILL ITS OBLIGATIONS IN REGARD TO
ITS
BOND HOLDERS TILL END OF 2022 AND INCREASE ITS INVOLVEMENT IN
THE CURRENT INVESTMENT CAPITAL DUE TO LOANS AND ADVANCES GRANTED
BY BANKS AND EXTERNAL FINANCIAL INSTITUTIONS
    * THE COMPANY DOES NOT RULE OUT ISSUE OF NEW SERIES OF BONDS
WHICH
WOULD BE REDEEMED BY END OF 2022
    * THE COMPANY PLANS TO TAKE STEPS THAT WILL ALLOW ITS STAKE
TO
TRADE ON THE MAIN MARKET OF THE WARSAW STOCK EXCHANGE

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM84FfrZa
    
 Further company coverage:  SLKP.WA  
   


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