Burgenland Holding AgVIE: BHD

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

Aug 21, 2019 at 1:23 PM UTC · Issued by Burgenland Holding AG

DGAP-Ad-hoc: 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: klaus.kohlhuber@evn.at

21-Aug-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language:	English
Company:	Burgenland Holding AG
	Marktstraße 3
	7000 Eisenstadt
	Austria
Phone:	+43 2236 200 24186
Fax:	+43 2236 200 84703
E-mail:	info@buho.at
Internet:	www.buho.at
ISIN:	AT0000640552
WKN:	879095
Listed:	Regulated Unofficial Market in Berlin, Stuttgart; Vienna Stock Exchange (Official Market)
EQS News ID:	861025


End of Announcement	DGAP News Service

861025 21-Aug-2019 CET/CEST

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