Meinl International Power Ltd.

Meinl International Power: safe and profitable investment of the capital raised

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St. Helier, Jersey (euro adhoc) - The liquid funds raised in the initial public offer of Meinl International Power have been invested in safe and profitable short-term money market papers. The market is continuously monitored, and the investments optimised accordingly. Nevertheless the capital is available at short notice to invest in portfolio projects when needed. It has always been crucial for Meinl International Power to comply with very stringent investment criteria and to minimise any risk. The funds are invested exclusively in Euro and only with banks having a minimum rating of AA. The interest rate is geared to Euribor. For the purpose of proper risk spreading, there is a maximum investment limit per bank and the money market instruments have staggered investment periods.

The capital held by Meinl International Power is currently EUR 560 million and therefore the net asset value, or NAV, per share is EUR 9.30, which is significantly higher than the current share price.

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ots Originaltext: Meinl International Power Ltd.
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Further inquiry note:
Pleon Publico Public Relations & Lobbying
Mag. Claudia Müller-Stralz
Tel.: ++43 (0) 1/717 86 107

Branche: Energy
ISIN:      AT0000A05W59
Index:    other listings
Börsen:  Wiener Börse AG / Third Market

Weitere Meldungen: Meinl International Power Ltd.

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