ORCO Germany S.A.: 2011 OPG bondholders approved proposed restructuring transaction

ORCO Germany S.A.  / Key word(s): Bond

30.04.2012 20:13

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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2011 OPG bondholders approved proposed restructuring transaction

Trading on temporarily suspended OPG and OG equity and debt instruments
will resume on 2 May 2012

The general meeting of holders of the 2011 OPG bonds (ISIN CZ0000000195,
ORCO PROPERTY GROUP S.A./var2011, the '2011 Bonds') held in Prague today
voted positively on the OPG bonds restructuring.   Approximately 77% of the
total number of the 2011 Bonds outstanding was present or represented,
constituting a valid quorum, and the resolution was passed by a vote of
100% of the votes cast.  The financial restructuring of OPG debts, which
includes the amount of the 30 April 2012 dividend payment under the current
Safeguard plan, must be approved by the Commercial Court of Paris.  Towards
these ends, a request to modify OPG's Safeguard plan has been submitted to
the court which is expected to examine the request during the month of May.
Effective 30 April 2012, OPG has cancelled 110 of the 140 2011 bonds that
were repaid by the company in 2008 pursuant to early redemption procedures
and has correspondingly decreased the volume listed on the Prague Stock
Exchange.  The 30 remaining 2011 Bonds shall remain listed on the Prague
Stock Exchange.
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Trading on all listed equity and debt instruments issued by OPG an OG will
resume on 2 May 2012


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Information and Explaination of the Issuer to this News:

For more information please write to: 
Nicolas Tommasini +33 1 40 67 67 23 or investors@orcogroup.com. 

30.04.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      ORCO Germany S.A.
              42, rue de la Vallée
              L-2661 Luxembourg
              Grand Duchy of Luxembourg
Phone:        +49 (0)30 390 93 116
Fax:          +49 (0)30 390 93 199 
E-mail:       patricia.jaenisch@orco-gsg.de
Internet:     www.orcogermany.de
ISIN:         LU0251710041
WKN:          A0JL4D
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Düsseldorf, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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