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

· Issued by Burgenland Holding AG

On 6ix: 6ix.com/news/burgenland-holding-ag-energie-burgenland-ag-in-which-burgenland-holding-ag-holds-a-49-percent-stake-prematurely-ends-its-us-cross-border-lease

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.
Archive at www.dgap.de

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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