Archived posting to the Leica Users Group, 2005/02/21

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Subject: [Leica] Leica's Credit Lines are Cut
From: Thinkofcole at (
Date: Mon Feb 21 08:56:44 2005

Here's more bad news from Leica...regards, bob cole
Dear Leica friends,

Following the ad hoc announcement of Leica  Camera AG, 
Solms, of February 17, 2005, stating that the Company 
expects  a loss of half of its registered share capital in 
March 2005, the banks have  partially terminated their credit 
lines. The remaining lines still cover the  current liquidity 
requirements. The Company?s Board of Management has  
entered into negotiations with the banks on a solution that 
will carry  the Company until the time of its Extraordinary 
General Meeting on May 31,  2005, at which capital 
measures are to be proposed to the  shareholders.

With best regards,
Leica Camera AG
Corporate  Communications


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