Eastern Property Holdings Limited (EPH) announces decision of the Moscow Appellate Court
March 28 2016 - 1:00PM
Eastern Property Holdings Limited (EPH) / Eastern Property
Holdings Limited (EPH) announces decision of the Moscow Appellate
Court . Processed and transmitted by NASDAQ OMX Corporate
Solutions. The issuer is solely responsible for the content of this
announcement.
28 March 2016, Road Town,
Tortola, BVI
Eastern Property Holdings Ltd
announces decision of the Moscow Appellate Court
Please be informed that today the Moscow Appellate
Court satisfied our appeal and cancelled the decision of the Moscow
Arbitration Court of December 29, 2015 under which reduced FX rates
shall be applied to payments under Hermitage Plaza lease agreement
between a group entity of Eastern Property Holdings Ltd. and
VimpelCom, a major lessee.
Our relationships with VimpelCom will continue to
be governed by the original lease agreement under which official FX
rates of the Russian Central Bank shall be applied. Please note
that resolution of the Moscow Appellate Court has entered into
legal force today. We would also note that VimpelCom may try
to challenge that resolution in upper courts.
Eastern Property Holdings Ltd. is
an investment company listed on SIX Swiss Exchange which holds
interest in office, residential and retail properties. EPH is
managed by Valartis International Ltd. a wholly-owned subsidiary of
Valartis Group AG.
Additional information on Eastern
Property Holdings is available by contacting Anna Bernhart Tel: +41
44 503 5400.
EPH - Decision of the Moscow
Appellate Court
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Eastern Property Holdings Limited (EPH) via
Globenewswire
HUG#1997733
--- End of Message ---
Eastern Property Holdings Limited (EPH)
Valartis Asset Management SA Geneva Switzerland
WKN: 250817;ISIN: VGG290991014;
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