EANS-News: Grand City Properties S.A. /Changes in Board of Directors
07.12.2012 – 17:43
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Board of Directors (Appointments and Changes) Luxembourg (euro adhoc) - GRAND CITY PROPERTIES S.A.: Changes in Board of Directors Luxembourg, December 07, 2012: Mrs. Simone Runge was appointed to the board of directors with immediate effect. Thus the board of directors consists of the following three members as of today: Mrs. Cleo Koushos-Cros Mr. Daniel Malkin Mrs. Simone Runge Mr. Christos Metaxas and Mr. Harislaos Koureas are no longer members of the board of directors. About GRAND CITY PROPERTIES S.A. Grand City Properties S.A. is a residential property investment company with main focus on residential investments in Germany. Forward-looking statements This news release may include forward-looking statements. Forward-looking statements include, but are not limited to, statements concerning estimates of expected capital expenditures and associated costs, statements relating to estimates of, and increases in, rental income, cash flows and property market values and other statements which are not historical facts. When used in this document, the words such as "could," "plan," "estimate", "expect", "intend", "may", "potential", "should" and similar expressions are forward-looking statements. Although Grand City Properties believes that its expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Important factors that could cause actual results to differ from these forward-looking statements include the potential that the Company's projects will experience problems due to change in market conditions, that changes in rental prices can have a material impact and that Grand City Properties fails to raise sufficient capital to adequately fund its expansion activities. Contact: Grand City Properties S.A. 6, boulevard Pierre Dupong L 1430 Luxemburg www.grandcityproperties.com Further inquiry note: Herr Christian Hupfer Tel.: 004930887088192 E-Mail: christian.hupfer@grandcityhotels.com end of announcement euro adhoc -------------------------------------------------------------------------------- company: Grand City Properties S.A. boulevard Pierre Dupong 6 D-L-1430 Luxembourg phone: 0035226187379 FAX: 0035226187779 WWW: http://www.grandcityproperties.com sector: Financial & Business Services ISIN: LU0775917882 indexes: Entry Standard Index stockmarkets: Open Market: Frankfurt language: English