EANS-Adhoc: Valora Holding AG Valora finalises syndicated loan and projects
stable dividend
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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
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02.12.2011
Valora finalises syndicated loan and projects stable dividend
- New CHF 300 million syndicated loan facility finalised on favourable terms
- Group´s capital position remains comfortable
- Stable dividend projected for 2012
New 300 million syndicated loan facility finalised on favourable terms
On November 30, 2011, Valora Holding AG finalised a new CHF 300 million
syndicated loan facility with a group of 13 Swiss and foreign banks on
favourable terms. The new transaction, led by UBS AG, replaces the Group´s
previous CHF 200 million facility. The contract covers a period of five years.
Group´s capital position remains comfortable
Thanks to its strong capital ratios Valora will be able to pursue its "Valora 4
Growth" expansion strategy as planned, with the clear objective of developing
the firm into one of Europe´s leading small-outlet retailers by 2015. As
announced in November 2010, the Group plans to finance this expansion through
the existing equity and debt available to it. Valora does not therefore
currently see any need to avail itself of the authority granted to it by the
ordinary general meeting of shareholders in April 2011 to issue new shares.
Stable dividend projected for 2012
The enhancements Valora has made to its profitability since 2008 mean that the
Group is able to pursue a stable, shareholder-oriented dividend policy. Despite
the challenges currently facing the overall economy, the Board thus intends to
recommend that the next general meeting of shareholders approve the disbursement
of an unchanged dividend of CHF 11.50 per registered in respect of the 2011
financial year.
Further inquiry note:
Investor Relations: Tel: +41 58 789 12 20
Mladen Tomic E-Mail: mladen.tomic@valora.com
Media Relations: Tel: +41 58 789 12 01
Stefania Misteli E-Mail: stefania.misteli@valora.com
end of announcement euro adhoc
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issuer: Valora Holding AG
Hofackerstrasse 40
CH-4132 Muttenz
phone: +41 61 467 20 20
FAX: +41 58 789 12 12
mail: info@valora.com
WWW: www.valora.com
sector: Retail
ISIN: CH0002088976
indexes:
stockmarkets: stock market: BX Berne eXchange, Main Standard: SIX Swiss Exchange
language: English