Imtech: RECALL - THIS IS THE CORRECT PRESS RELEASE ON FURHTER UPDATE DISCUSSION WITH FINANCIERS
August 05 2015 - 1:52AM
Further update on discussions with financiers
-
No agreement has been reached with financiers
for an increase of liquidity headroom
-
Ongoing dialogue with financiers
-
Royal Imtech and Imtech Germany are evaluating
the current situation
Further to its press releases of
28 July and 4 August last, Royal Imtech N.V. ('Royal Imtech')
provides a further update on the discussion with its
financiers.
As announced, Royal Imtech and its financiers were in an ongoing
dialogue about all possible long term structural solutions and
about an amendment to the financing arrangements, including an
increase in liquidity headroom for the group and its subsidiaries,
by utilising a portion of its available guarantee headroom. As has
been announced, these funds were also designated to be used by
Royal Imtech for additional commitments of Royal Imtech towards
Imtech Germany in addition to already existing commitments of Royal
Imtech vis-a-vis Imtech Germany.
After further and detailed
discussions with the financiers, no agreement has been reached on
the request by Royal Imtech to grant additional liquidity headroom
also in light of the requirements of German law. Royal Imtech continues its discussions with
financiers.
Royal Imtech and Imtech Germany
are evaluating the current situation taking into account German
legal requirements and its consequences for Imtech Germany and more
in general the consequences for Royal Imtech.
Royal Imtech will update the
market as soon as possible more specifically on the consequences of
these developments.
More information
Media: |
Analysts & investors: |
Dorien Wietsma
Director Corporate Communication & CSR
T: +31 182 54 35 53
E: dorien.wietsma@imtech.com
www.imtech.com |
Jeroen Leenaers
Director Investor Relations
T: +31 182 54 35 04
E: jeroen.leenaers@imtech.com
www.imtech.com |
Imtech profile
Royal Imtech N.V.
is a European technical services provider in the fields of
electrical solutions, automation and mechanical solutions. With
approximately 22,000 employees, Imtech holds attractive positions
in the buildings and industry markets in the Netherlands, Belgium,
Luxembourg, Germany, Eastern Europe, Sweden, Norway, Finland, the
UK, Ireland and Spain, the European market of Traffic as well as in
the global marine market. Imtech offers integrated and
multidisciplinary total solutions that lead to better business
processes and more efficiency for customers and the customers they,
in their turn, serve. Imtech also offers solutions that contribute
towards a sustainable society - for example, in the areas of
energy, the environment, water and traffic. Imtech shares are
listed on Euronext Amsterdam.
Press Release
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: Imtech via Globenewswire
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