FMA Österreichische Finanzmarktaufsicht
EANS-News: FMA Österreichische Finanzmarktaufsicht
notice according to Art
116 para 6 BaSAG
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Company Information/FMA measure The Austrian Financial Market Authority (FMA) in its function as the resolution authority under the Austrian Bank Recovery and Resolution Act (BaSAG) transposing the Bank Recovery and Resolution Directive (BRRD) into national law hereby notifies in respect of HETA Asset Resolution AG that conditions of failure or likelihood of failure in accordance with Article 49 para. 1 no. 1 BaSAG and the conditions in Article 49 para. 1 no. 2 BaSAG exist, and that it is not possible to avert a failure within an appropriate timeframe by means of alternative measures being taken by the private sector or by means of supervisory measures. The FMA has ordered an independent valuation of all assets and liabilities of HETA Asset Resolution AG, which will form the basis for a resolution plan. As a preparatory measure to a possible resolution and in accordance with Article 58 para. 1 no. 10 BaSAG, the FMA has suspended the payment dates of and interest payments on all eligible liabilities of the company with immediate effect until 31 May 2016. The edict including a list of the eligible liabilities concerned is accessible at https://www.fma.gv.at/de/sonderthemen/bankenabwicklung/edikte.html For questions regarding the individual emissions please be referred to the issuer. Further inquiry note: Dr. Valentin Unterkircher HETA Resolution AG Investor Relations +43 (0) 50209-2841 holding@heta-asset-resolution.com end of announcement euro adhoc -------------------------------------------------------------------------------- company: FMA Österreichische Finanzmarktaufsicht Otto-Wagner-Platz 5 A-1090 Wien phone: +43(1)249 59-0 FAX: +43(1)249 59-5499 mail: fma@fma.gv.at WWW: www.fma.gv.at sector: Economy, Business & Finance ISIN: - indexes: stockmarkets: language: English