euro adhoc: AvW Invest AG
COURT RENDERS DECISION IN FAVOUR OF AVW:
ATTACHMENTS MUST BE REVOKED
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
In its decree of 19 February 2009, the Graz Higher Regional Court ruled with binding legal effect that the attachments of AvW Invest AG´s real estate properties had been wrongfully made. AvW now expects that all of the company´s other assets - particularly funds received by AvW in connection with dividends and special dividends - will be gradually released as well. Thus, it can be expected that the company will regain its full operational capability within the very near future. As a first step, AvW Invest AG is increasing its interest in the IT specialist Realtech (RTCG.DE) from 16% to 16.5%. Based on the current share price, Realtech´s dividend yield stands at 10.59%. At the same time, AvW is also exploring the potential for new real estate investments in Carinthia. AvW INVEST AG, which is domiciled in Krumpendorf at Lake Wörthersee, is active in two core business areas: equity investments and real estate. AvW´s shares are listed on the Vienna Stock Exchange on the Standard Market Auction.
end of announcement euro adhoc
Further inquiry note:
AvW INVEST AG
Branche: Financial & Business Services
Index: Standard Market Auction
Börsen: Börse Frankfurt / free trade
Börse Stuttgart / free trade
Wiener Börse AG / official dealing