Archived posting to the Leica Users Group, 2005/02/21
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]-----Original Message----- From: Leica Camera Newsletter [mailto:leica-newsletter@leica-camera.com] Sent: Monday, February 21, 2005 7:54 AM To: leica-newsletter@leica-camera.com Subject: Leica Newsletter 02/21/2005: Partial termination of credit lines 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