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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Develica | LSE:DDE | London | Ordinary Share | GB00B151M860 | ORD EUR0.01 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.011 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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TIDMDDE
RNS Number : 7401K
Develica Deutschland Ltd
23 April 2010
FOR IMMEDIATE RELEASE
23 April 2010
DEVELICA DEUTSCHLAND LIMITED:
FAIR VALUE ADJUSTMENT OF INTEREST RATE SWAPS
Develica Deutschland Limited ("Develica" or "the Company"), the AIM-listed
German property investor, today announces that the unaudited fair value
adjustment of its interest rate swaps as at 31 March 2010 showed a liability of
approximately EUR62.9m compared to a liability of EUR60.6m at 10 December 2009.
The Company emphasises that the value of the interest rate swaps has no cash
impact on the business or on Develica's debt covenants. The swaps are held in a
special purpose vehicle and the above liabilities would only crystallise on
disposal.
Develica intends to continue reporting the current fair value adjustment of its
interest rate swaps on a quarterly basis.
Ends.
Contact:
Derek Butler, Chairman, Develica.
Tel: 020 7016 1860
Baron Phillips, Baron Phillips Associates. Tel:
020 7920 3161
07767 444193
Philip Secrett, Grant Thornton Corporate Finance. Tel: 020 7728 2578
This information is provided by RNS
The company news service from the London Stock Exchange
END
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