Archived posting to the Leica Users Group, 2005/02/17

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Subject: [Leica] Any German Securities lawyers on the list?
From: leicaluvr at comcast.net (Tom Schofield)
Date: Thu Feb 17 13:04:43 2005
References: <9759911.1108660423991.JavaMail.root@donald.psp.pas.earthlink.net>
 
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.
In reply to: Message from mak at teleport.com (mak@teleport.com) ([Leica] Leica Solms reports 50% loss what does this mean?)