EANS-Adhoc: Valora Holding AG
Valora finalises syndicated loan and projects
stable dividend
02.12.2011 – 07:03
-------------------------------------------------------------------------------- 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. -------------------------------------------------------------------------------- 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 -------------------------------------------------------------------------------- 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