Archived posting to the Leica Users Group, 2005/02/17[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]
Do we have a German securtiies lawyer on the list? What is a Ssection 92 (1) announcement and when is it required? Tom Schofield > 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.