Orascom Development Holding AG
EQS-Adhoc: Orascom Development Holding AG: invites shareholders to the Annual General Meeting 2015
EQS Group-Ad-hoc: Orascom Development Holding AG / Key word(s): AGM/EGM/AGM/EGM Orascom Development Holding AG: invites shareholders to the Annual General Meeting 2015 23.04.2015 / 07:00 Release of an ad hoc announcement pursuant to Art. 53 KR. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------- Press Release Orascom Development invites shareholders to the Annual General Meeting 2015 Orascom Development publishes today its invitation and agenda for the Annual General Meeting (AGM) 2015. The AGM 2015 will take place on Monday, 18 May 2015, at 3:00 p.m. CEST (doors open at 2:00 p.m. CEST) at Theater Uri, Schützengasse 11, 6460 Altdorf, Switzerland. The attached document includes the invitation along with the agenda of the Annual General Meeting 2015. Altdorf / Cairo, April 23 2015. Orascom Development Holding Ltd (Orascom Development) publishes today its invitation and agenda for the Annual General Meeting (AGM) 2015. All registered shareholders will also be invited by registered letter. At the upcoming Annual General Meeting, shareholders will for the first time be able to take part in a binding vote on compensation for members of the Board of Directors and the Executive Board. The Articles of Association were amended at last year's Annual General Meeting to enable this change. There are no planned changes in the Board of Directors, all members stand for re-election. The Board of Directors proposes to the shareholders to renew the authorized capital for a period until May 18, 2017 and to confer the possibility to the board of directors to issue up to 12'000'000 registered shares if this would be in the best interest of the company. In case shares out of authorized capital will be issued, pre-emptive rights will be granted to existing shareholders. The flexibility offered by such authorized capital will allow the company to further progress with its debt restructuring program and confers the ability to convert loans granted to Orascom Development into equity thereby strengthening the share capital basis. Due to the requirement of certain foreign laws, the Board of Directors also proposes that the Annual General Meeting authorizes the Board of Directors to take decisions on listing or delisting of shares of Orascom Development, depository receipts or any other derivatives on such shares in any listing venue outside of Switzerland. Such a decision does not have an influence on the listing of the shares on the SIX Swiss Exchange. About Orascom Development Holding AG Orascom Development is a leading developer of fully integrated destinations that include hotels, private villas and apartments, leisure facilities such as golf courses, marinas and supporting infrastructure. Orascom Development's diversified portfolio of destinations is spread over eight jurisdictions (Egypt, UAE, Jordan, Oman, Switzerland, Morocco, Montenegro and United Kingdom), with primary focus on touristic destinations. The Group currently operates seven destinations; three in Egypt El Gouna, Taba Heights, and Makadi, The Cove in United Arab Emirates , Jebel Sifah and Salalah Beach in Oman and Andermatt in Switzerland. Orascom Development has a dual listing, with a primary listing on the SIX Swiss Exchange and a secondary listing on the EGX Egyptian Exchange. Contact for Investors: Sara El Gawahergy Director of Investor Relations Tel: +20 100 218 56 51 Tel: +41 418 74 17 11 Email: ir@orascomdh.com Contact Media Relations media@orascomdh.com Disclaimer & Cautionary Statement The information contained in this e-mail, its attachment and in any link to our website indicated herein is not for use within any country or jurisdiction or by any persons where such use would constitute a violation of law. If this applies to you, you are not authorized to access or use any such information. Certain statements in this e-mail and the attached news release may be forward-looking statements, including, but not limited to, statements that are predications of or indicate future events, trends, plans or objectives. Forward-looking statements include statements regarding our targeted profit improvement, return on equity targets, expense reductions, pricing conditions, dividend policy and underwriting claims improvements. Undue reliance should not be placed on such statements because, by their nature, they are subject to known and unknown risks and uncertainties and can be affected by other factors that could cause actual results and Orascom Development Holding AG's plans and objectives to differ materially from those expressed or implied in the forward looking statements (or from past results). Factors such as (i) general economic conditions and competitive factors, particularly in our key markets; (ii) performance of financial markets; (iii) levels of interest rates and currency exchange rates; and (vii) changes in laws and regulations and in the policies of regulators may have a direct bearing on Orascom Development Holding AG's results of operations and on whether Orascom Development Holding AG will achieve its targets. Orascom Development Holding AG undertakes no obligation to publicly update or revise any of these forward-looking statements, whether to reflect new information, future events or circumstances or otherwise. It should further be noted, that past performance is not a guide to future performance. Please also note that interim results are not necessarily indicative of the full-year results. Persons requiring advice should consult an independent adviser. End of ad hoc announcement --------------------------------------------------------------------- 23.04.2015 News transmitted by EQS Schweiz AG. www.eqs.com - news archive: http://switzerland.eqs.com/de/News The issuer is responsible for the contents of the release. --------------------------------------------------------------------- Language: English Company: Orascom Development Holding AG Gotthardstraße 12 6460 Altdorf Switzerland Phone: +41 41 874 17 17 Fax: +41 41 874 17 07 E-mail: ir@orascomdh.com Internet: www.orascomdh.com ISIN: CH0038285679 Valor: A0NJ37 Listed: Foreign Exchange(s) SIX End of News EQS Group News-Service --------------------------------------------------------------------- 346885 23.04.2015