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DGAP-Ad-hoc News vom 21.08.2019

Burgenland Holding AG: Energie Burgenland AG, in which Burgenland Holding AG holds a 49 percent stake, prematurely ends its US Cross Border Lease

Burgenland Holding AG / Key word(s): Agreement/Forecast
Burgenland Holding AG: Energie Burgenland AG, in which Burgenland Holding AG holds a 49 percent stake, prematurely ends its US Cross Border Lease

21-Aug-2019 / 15:23 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


The supervisory board of Energie Burgenland AG, in which Burgenland Holding AG holds a 49% stake, has in today's meeting approved the early cessation of the US Cross Border Lease of Energie Burgenland AG's networks entered into in 2001. The anticipated short-term expenditure will be offset by expected profits; in the medium term, the expected cessation, which includes granted collateral, should have a positive effect on the financial results of Energie Burgenland AG.

For the 2018/19 financial year of Energie Burgenland AG, which ends on 30 September 2019, a stable financial result on the level of the previous year's financial result is expected.



Contact:
Burgenland Holding AG
Member of Executive Board

Dr. Klaus Kohlhuber
Technologiezentrum
Marktstraße 3
7000 Eisenstadt
Phone: +43 2236 200-12398
E-Mail: [email protected]

21-Aug-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



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