IKB International S.A.
IKB International S.A.: Annual financial statements 2009/10 prepared – loss participation by silent partner contributions
IKB International S.A. / Final Results 01.07.2010 09:39 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- IKB International S.A.: Annual financial statements 2009/10 prepared - loss participation by silent partner contributions The Board of Directors of IKB International S.A. has prepared the Bank's annual financial statements for the 2009/10 financial year ended 31 March 2010 and submitted them to its General Meeting for approval. The preparation of the annual financial statements means that the conditions for calculating the loss participation of the silent partner contribution of IKB S.A. that ended on 31 March 2010 and the silent partner contribution due for repayment on 17 November 2010 have now been defined. These are explained below. The annual financial statements for the 2009/10 financial year report a loss before loss participation by silent partner contributions of EUR -0.252 million. As a consequence of this loss, the contribution amounts of the silent partner contributions reduced on account of prior loss participation cannot be replenished and the profit participations of the silent partner contributions scheduled for payment on 17 November 2010 have been cancelled in line with the terms and conditions. The silent partner contributions are repackaged by way of the following issues of silent partnership certificates by Deutsche Bank Luxembourg S.A. as fiduciary under Luxembourg law: Issuer Financial instrument Maturity ISIN Exchange Deutsche Bank Luxembourg S.A. Variable Rate Capital Contribution Certificates 2010 XS0119317740 Luxembourg: Regulated Market (Bourse de Luxembourg) Deutsche Bank Luxembourg S.A. 8% Capital Contribution Certificates 2010 XS0119317823 Luxembourg: Regulated Market (Bourse de Luxembourg) Deutsche Bank Luxembourg S.A. CMS Index-linked Capital Contribution Certificates 2010 XS0119814456 Luxembourg: Regulated Market (Bourse de Luxembourg) The cancellation of profit distributions for the silent partnership interests is accompanied by the cancellation of the corresponding distributions on the silent participation certificates. Given the loss at IKB S.A., the contribution amounts of the silent partnership interests will be further reduced. The loss participation is calculated in line with the respective contractual terms. The reduction of the contribution amounts of the silent partnership interests also means that the repayment claims from the silent partnership certificates on 17 November 2010 will be reduced. Based on the financial statements for 2009/10, the repayment amounts after loss participation are as follows: Listed silent participation certificates relating to IKB International S.A. Maturity ISIN Book value of the Silent Partnership before loss participation in EUR Repayment amount per security before loss participation in EUR Repayment amount per security after loss participation for FY 2007/08 in EUR Repayment amount per security after loss participation for FY 2008/09 in EUR Repayment amount per security after loss participation for FY 2009/10 in EUR 2010 XS0119317740 10,000,000 5,000.00 1,302.44 950.46 950.39 2010 XS0119317823 45,000,000 5,000.00 1,302.44 950.46 950.39 2010 XS0119814456 15,000,000 5,000.00 1,302.44 950.46 950.39 The Board of Directors of IKB International S.A. Luxembourg, 1 July 2010 contact: Dr. Jörg Chittka phone: +49 211 8221 4349 Fax: +211 49 8221 2349 mail: presse@ikb.de Dr. Annette Littmann phone: +49 211 8221 4745 fax: +49 8221 2745 mail: presse@ikb.de 01.07.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: IKB International S.A. 12, rue Erasme 2017 Luxemburg Luxemburg Phone: +352 423 777 0 Fax: +352 420603 E-mail: ikb.luxemburg@ikb.de Internet: www.ikb-international.de ISIN: XS0103136353, XS0119317740, XS0119317823, XS0119814456 WKN: 353857 Listed: Foreign Exchange(s) Luxembourg End of News DGAP News-Service ---------------------------------------------------------------------------
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