Brief: Leoni Says Loss Consuming Capital Stock Occurred For 2022

Leoni AG

12/04/2023 11:51

April 12 (Reuters) - Leoni Ag  LEOGn.DE :
    * EQS-ADHOC: LEONI AG: PREPARATION OF 2022 ANNUAL FINANCIAL
STATEMENTS INDICATES NEED FOR HIGH IMPAIRMENTS; LEONI AG REPORTS
LOSS PURSUANT TO SECTION 92 OF THE GERMAN STOCK CORPORATION ACT
(AKTG)
    * AT PRESENT, COMPANY EXPECTS IMPAIRMENTS IN HIGH
THREE-DIGIT
MILLION EUROS RANGE
    * EXACT AMOUNTS ARE NOT YET DETERMINED.
    * ONGOING PREPARATION OF 2022 ANNUAL FINANCIAL STATEMENTS
INDICATED THAT, DUE TO SIGNIFICANT IMPAIRMENTS, A LOSS THAT
CONSUMES CAPITAL STOCK WILL HAVE DEFINITELY OCCURRED FOR
FINANCIAL YEAR 2022
    * THIS SHAREHOLDERS' MEETING IS EXPECTED TO TAKE PLACE ON 2
JUNE
2023 AND LOSS OF CAPITAL STOCK WILL BE FORMALLY NOTIFIED AT THIS
MEETING. THIS WAS DECIDED BY EXECUTIVE BOARD TODAY
    * EXPECTS THAT RESULTING LOSS WILL IN ANY CASE BE
COMPENSATED
THROUGH IMPLEMENTATION OF FINANCIAL RESTRUCTURING CONCEPT AGREED
WITH MAJOR FINANCING PARTIES ON 3 APRIL 2023

Source text for Eikon:  ID:nEQ6PGl95a 
Further company coverage:  LEOGn.DE 

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