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EQS-Adhoc: Orascom Development Holding AG: Invitation to the Annual General Meeting 2018


EQS Group-Ad-hoc: Orascom Development Holding AG / Key word(s): AGM/EGM/AGM/EGM
Orascom Development Holding AG: Invitation to the Annual General Meeting 2018

17-Apr-2018 / 20:30 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.

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Press Release

Invitation to the Annual General Meeting 2018

Altdorf, April 17, 2018- The Annual General Meeting 2018 of Orascom Development
Holding AG will be held in Altdorf on 8 May 2018. At the meeting, the Board of
Directors will propose, among others, the approval of the annual report and the
statutory and consolidated financial statements for the financial year 2017 as
well as the appropriation of results. Further, the Board of Directors proposes a
capital reduction (without distribution to shareholders) by decreasing the par
value of the Company's shares from CHF 23.20 to CHF 5.00 per share.

All members of the Board of Directors will stand for re-election. In addition,
the Board of Directors proposes that Mr. Naguib Sawiris, current member of the
Board of Directors, to be elected as an additional member of the Company's
Nomination & Compensation Committee.

The invitation to the Annual General Meeting will be sent by mail to all
shareholders registered in the Company's share register and is available on the
Company's website (www.orascomdh.com, under the link Investor Relations >
Corporate Filings).

About Orascom Development Holding (ODH):

Orascom Development Holding (ODH) is a leading developer of fully integrated
destinations that include hotels, private villas and apartments, leisure
facilities such as golf courses, marinas and supporting infrastructure. Orascom
Development's diversified portfolio of destinations is spread over seven
jurisdictions (Egypt, UAE, Oman, Switzerland, Morocco, Montenegro and United
Kingdom), with primary focus on touristic destinations. The Group currently
operates ten destinations; five in Egypt (El Gouna, Taba Heights, Fayoum Makadi,
and Harram City), The Cove in the United Arab Emirates, Jebel Sifah and Hawana
Salalah in Oman, Luštica Bay in Montenegro and Andermatt in Switzerland. The
shares of Orascom Development Holding (ODH) are listed on the SIX Swiss
Exchange.


Contact for Investors:
Sara El Gawahergy
Head of Investor Relations
Tel: +202 246 18961
Tel: +41 418 74 17 11
Email:ir@orascomdh.com

 

Contact for Media Relations: 

Philippe Blangey

Partner

Dynamics Group AG
​Tel: +41 432 68 32 35
​Email:  prb@dynamicsgroup.ch
 
Disclaimer & Cautionary Statement

The information contained in this e-mail, its attachment and in any link to our
website indicated herein is not for use within any country or jurisdiction or by
any persons where such use would constitute a violation of law. If this applies
to you, you are not authorized to access or use any such information. Certain
statements in this e-mail and the attached news release may be forward-looking
statements, including, but not limited to, statements that are predications of
or indicate future events, trends, plans or objectives. Forward-looking
statements include statements regarding our targeted profit improvement, return
on equity targets, expense reductions, pricing conditions, dividend policy and
underwriting claims improvements. Undue reliance should not be placed on such
statements because, by their nature, they are subject to known and unknown risks
and uncertainties and can be affected by other factors that could cause actual
results and Orascom Development Holding's plans and objectives to differ
materially from those expressed or implied in the forward-looking statements (or
from past results). Factors such as (i) general economic conditions and
competitive factors, particularly in our key markets; (ii) performance of
financial markets; (iii) levels of interest rates and currency exchange rates;
and (vii) changes in laws and regulations and in the policies of regulators may
have a direct bearing on Orascom Development Holding's results of operations and
on whether Orascom Development Holding will achieve its targets. Orascom
Development Holding undertakes no obligation to publicly update or revise any of
these forward-looking statements, whether to reflect new information, future
events or circumstances or otherwise. It should further be noted, that past
performance is not a guide to future performance. Please also note that interim
results are not necessarily indicative of the full-year results. Persons
requiring advice should consult an independent adviser.

Additional features:


Document:http://n.eqs.com/c/fncls.ssp?u=YMWJRTRUTT
Document title: ODH AGM INVITATION ENGLISH
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End of ad hoc announcement------------------------------------------------------

Language: English

Company:  Orascom Development Holding AG

          Gotthardstraße 12

          6460 Altdorf

          Switzerland

Phone:    +41 41 874 17 17

Fax:      +41 41 874 17 07

E-mail:    ir@orascomdh.com

Internet: www.orascomdh.com

ISIN:     CH0038285679

Valor:    A0NJ37

Listed:   SIX Swiss Exchange



 

End of Announcement EQS Group News Service

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675489  17-Apr-2018 CET/CEST

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