Eurocastle Investment Limited
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Publicatie datum
14 mei 2013 - 08:13
Statutaire naam
Eurocastle Investment Limited
Titel
EUROCASTLE INVESTMENT LIMITED AND SUBSIDIARIES Interim Management Statement as at 14 May 2013
Bericht
Press Release
14 May 2013
Highlights*
- Eurocastle obtained approval from the holders of its convertible securities to lower the conversion price from €0.30 to €0.05 per share in exchange for, inter alia, the right for the Company to require a conversion of all outstanding convertible securities. Conditional upon such conversion, the Company reached agreement with the Manager to rebase the fees under its Management Agreement which will preserve capital for future investment. The expected savings for 2013 amounts to €13.1 million, and an annual run rate of €17.5.
Datum laatste update: 21 december 2025