Brief: Eurocastle Announces Positive Resolution On Legacy Debt Claim

Eurocastle Investment

11/12/2020 07:06

Dec 11 (Reuters) - EUROCASTLE INVESTMENT LTD  ECT.AS :
    * EUROCASTLE ANNOUNCES POSITIVE RESOLUTION ON LEGACY DEBT
CLAIM
    * ESTIMATES THAT ITS SHARE OF AGREED SETTLEMENT AFTER
EXPENSES IS
APPROXIMATELY EUR 2.2 MILLION WHICH IS EXPECTED TO BE RECEIVED
PRIOR TO 31 DECEMBER 2020
    * ESTIMATED NET POSITIVE IMPACT TO EUROCASTLE'S ADJUSTED NET
ASSET
VALUE IS EUR 2.3 MILLION, OR EUR 1.22 PER SHARE

Source text for Eikon:  ID:nGNE6vmfWR 
Further company coverage:  ECT.AS 

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