Hypo Alpe-Adria (Jersey) Limited
Hypo Alpe-Adria (Jersey) Limited: Winding-Up and Dissolution of the Company
Hypo Alpe-Adria (Jersey) Limited / Key word(s): Insolvency Notice Hypo Alpe-Adria (Jersey) Limited 75,000,000 euro Series A ISIN: DE0006949555 4 August 2017 As previously announced on 9 February 2017, the sole holder of all of the ordinary shares of the Company, HETA Asset Resolution AG (“HETA”, formerly “HYPO ALPE-ADRIA-BANK INTERNATIONAL AG”), had informed the board of directors of the Company (the “Board”), by written notice, that HETA had gone into liquidation within the meaning of the Company’s articles of association and that HETA intended to pass a special resolution to put the Company into a summary winding-up. The Board met today to consider the contents of a letter dated 8 February 2017 from HETA together with legal opinions under Austrian law, English law and Jersey law. The Board concluded that Heta is indeed in liquidation, dissolution or winding up within the meaning of the Company’s articles of association and that, under such circumstances, the Board was required to approve the summary winding-up of the Company. The Board was satisfied that the Company has no assets and no liabilities. Accordingly, the Board approved the summary winding-up of the Company and HETA adopted a special resolution in writing approving the winding-up of the Company. The Company will be dissolved following the filing of the relevant documents at the Jersey Companies Registry. The Preferred Securities will be cancelled upon dissolution of the Company. No liquidator will be appointed, no assets will be realized, no debts will be discharged and no liquidation proceeds will be distributed.
04-Aug-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | Hypo Alpe-Adria (Jersey) Limited |
13 Castle Street | |
JE4 5UT St Helier | |
Jersey | |
ISIN: | DE0006949555 |
WKN: | DE00069495 |
Listed: | Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Hamburg |
End of Announcement | DGAP News Service |