EQS-Ad-hoc: Accentro Real Estate AG / Key word(s): Miscellaneous/Real Estate Notice of loss pursuant to Section 92 of the German Stock Corporation Act (AktG) Berlin, 14 February 2025 – The Management Board of ACCENTRO assumes after exercising due discretion that as a result of extraordinary devaluations, which have now become necessary in course of the ongoing audit for the financial year 2023, and the anticipated losses incurred in the financial year 2024, ACCENTRO's equity capital shown in the balance sheet (German Commercial Code) has been reduced to less than half of the share capital. These devaluations are based on corrections of currently approximately EUR 26m that were demanded as part of the finalization of the still outstanding audit for the financial year 2023, which will also have an ongoing effect on the amount of equity capital shown in the balance sheet in the annual financial statements 2024. The Management Board does not expect any substantial effects on the negotiations regarding the comprehensive restructuring solution led by the Ad Hoc Group. The Management Board will immediately convene a General Meeting to notify the loss of half of the share capital in accordance with Section 92 German Stock Corporation Act (AktG).
Thomas Eisenlohr, Head of Investor Relations
The Management Board ISIN: DE000A0KFKB3 / DE000A3H3D51 / DE000A254YS5 Stock exchanges: Frankfurt Stock Exchange, regulated market (Prime Standard) / Luxembourg Stock Exchange
End of Inside Information
14-Feb-2025 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | Accentro Real Estate AG |
Kantstr. 44/45 | |
10625 Berlin | |
Germany | |
Phone: | +49 (0)30 - 887 181 - 0 |
Fax: | +49 (0)30 - 887 181 - 11 |
E-mail: | info@accentro.ag |
Internet: | www.accentro.ag |
ISIN: | DE000A0KFKB3 |
WKN: | A0KFKB |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 2086787 |
End of Announcement | EQS News Service |
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2086787 14-Feb-2025 CET/CEST
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