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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 |
TIDMDDE RNS Number : 4691Q Develica Deutschland Ltd 03 August 2010 FOR IMMEDIATE RELEASE 3 August 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 30 July 2010 showed a liability of approximately EUR52.5m compared to a liability of EUR62.9m at 31 March 2010. 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. Contacts: Derek Butler, Chairman, Develica. Tel: 020 7016 1860 Baron Phillips, Baron Phillips Associates. Tel: 020 7920 3161 07767 444 193 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 MSCKKNDQQBKDFFK
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