TRANSACTION SUBJECT TO CONDITIONS INCLUDING APPROVAL OF VOTING MEMBERS OF THE SYNDICATE AGREEMENT AND LENDERS
BOARD APPROVES RESULTS AT 30 SEPTEMBER 2012.PROFIT ON SERVICES, NET PROFIT AFFECTED BY WRITEDOWNS AND ONE-OFF EXPENSES
RESIGNATION OF CEO PAOLO MASSIMILIANO BOTTELLI
BOARD COOPTS SERGIO IASI AS NEW DIRECTOR
Milan, 13 November 2012 – At a meeting today, the Board of Directors of Prelios S.p.A. examinedand approved the Quarterly Report at 30 September 2012.
- CAPITAL INCREASE PLANNED FOR € 185 MILLIONOF WHICH AT LEAST € 100 MILLION CASH
- RE-ORGANISATION OF CURRENT DEBT TO ENSURE SUSTAINABILITY
BOARD APPROVES RESULTS AT 30 SEPTEMBER 2012.PROFIT ON SERVICES, NET PROFIT AFFECTED BY WRITEDOWNS AND ONE-OFF EXPENSES
- MANAGEMENT PLATFORM REVENUES € 91.6 MILLION(€ 113.6 MILLION AT 30 SEPTEMBER 2011)
- MANAGEMENT PLATFORM EBIT € 10.1 MILLION(€ 15.4 MILLION AT SEPTEMBER 2011)
- OPERATING RESULT NEGATIVE AT € 41.9 MILLION, OF WHICH APPROXIMATELY € 36MILLION FROM IMPAIRMENT TEST ON NPL RELATING TO INVESTMENT ACTIVITIES(€ 6.1 MILLION AT SEPTEMBER 2011, POSITIVELY INFLUENCED BY A NUMBER OF SIGNIFICANTTRANSACTIONS)
- NET LOSS OF € 171 MILLION (LOSS OF € 152.9 MILLION AT SEPTEMBER 2011), PARTLY THERESULT OF PROPERTY AND NPL PORTFOLIO WRITEDOWNS FOR MORE THAN € 100 MILLION
- NEGATIVE NET FINANCIAL POSITION OF € 523.6 MILLION(€ 497.5 MILLION AT 30 JUNE 2012)
RESIGNATION OF CEO PAOLO MASSIMILIANO BOTTELLI
BOARD COOPTS SERGIO IASI AS NEW DIRECTOR
Milan, 13 November 2012 – At a meeting today, the Board of Directors of Prelios S.p.A. examinedand approved the Quarterly Report at 30 September 2012.