[Leica] Any German Securities lawyers on the list?

[SonC at aol.com (SonC@aol.com)]

In a message dated 2/17/2005 3:11:07 P.M. Central Standard Time,  
leicaluvr@comcast.net writes:
Do we have a German securtiies lawyer on the  list?  What is a Ssection 92 
(1) announcement and when is it  required?

Tom Schofield
 
Look here on page  3

http://www.broich.de/pdf_doc/German%20Insolvency%20Law1.PDF

SonC


>  Leica Camera AG, Solms, expects the existence of a loss in the amount of  
> half of its registered share capital in March 2005. The Company's Board  
> of 
> Management will make a corresponding announcement according to  section 92 
> (1) of the German Stock Corporation Law (AktG) at a General  Meeting to be 
> held on May 31, 2005.
> Concurrently, the Board of  Management prepares a turnaround strategy. It 
> will propose at the  General Meeting on May 31, 2005 that capital measures 
> be taken. In  connection with such measures audits are conducted at 
> present. The  measures proposed will be announced and published in the 
> designated  journals at the time of the convening of the General Meeting 
> and the  announcement of its agenda.