PRESSEPORTAL Presseportal Logo
Alle Storys
Keine Story von KA Finanz AG mehr verpassen.

20.04.2010 – 09:53

KA Finanz AG

EANS-Adhoc: KA Finanz AG /

  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is solely responsible for the content of this
Keyword: Result for the year 2009 / Supplementary capital / Loss 
At a press briefing on 20 April 2010, KA Finanz AG will disclose its 
preliminary results for the year 2009, which show a loss according to
Austrian GAAP of EUR 267 million.
In its ad-hoc notification of 17 November 2009, KA Finanz AG had 
already communicated that coupon payments on the supplementary 
capital and participation capital remaining with KA Finanz AG would 
presumably not be possible for a foreseeable period. Moreover, 
attention had already been drawn to the loss-sharing of participation
capital of KA Finanz AG on the basis of the accounting rules under 
the New Austrian Company Code in the ad-hoc notification of 26 August
Besides the participation capital, the value of the supplementary 
capital issues specified below is materially impaired on account of 
the losses incurred to date (including 2009) and the loss-sharing 
nature of supplementary capital stipulated by the law. From today´s 
point of view, the net loss incurred is not expected to be offset by 
future profits.
Moreover, the claim for repayment from the hybrid capital issued by 
Kommunalkredit Capital One Ltd. (Jersey) is linked to the value of 
the supplementary capital of KA Finanz AG held by the issuer on a 
pro-rata basis in the amount of 75.83% of the nominal value.
For further information on the preliminary results for the year 2009,
please visit the homepage of KA Finanz AG.
Further information: German version
Language:       German, English
Issuer: KA Finanz AG
Türkenstraße 9
                1092 Wien
Phone:  +43/1/31 6 31-640
ISIN:   AT0000329966
Stock exchanges:        Vienna, Luxembourg, Amsterdam, Frankfurt
For enquiries:  KA Finanz AG
                Treasury - Financial Markets
                        Thomas Fendrich
                        1092 Wien, Türkenstraße 9
        Tel.: +43 (0)1/31 6 31-640
        Fax: +43 (0)1/31 6 31-505 oder 99640
Issuer: KA Finanz AG
end of announcement                               euro adhoc

Further inquiry note:

KA Finanz AG
Treasury - Financial Markets
Thomas Fendrich
A-1092 Wien, Türkenstraße 9
Tel.: ++43(0)1/310 06 06-640
Fax : ++43(0)1/310 06 06-505 or 99640

Branche: Banking
Börsen: Wien / Regulated free trade