Kefren Properties IX AB
Kefren Properties IX AB, 556691-4031 (”Company”) – Extension of stand-still period

Kefren Properties IX AB / 

28.04.2010 15:14

Dissemination of a Adhoc News, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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As outlined in notice number 59 on 17th March 2010 to the OMX Nordic Exchange
Copenhagen, the Company has previously received a stand-still letter from the
Senior Bank, where the Senior Bank states that they until the 28th April 2010
will not take action with respect to the loan-to-value breach. 

It was expected that the Company prior to 28th April 2010 would have been able
to call a bond holders meeting for the purpose of presenting a specific
restructuring proposal of the debt of the Company. However, the negotiations
are taking longer than expected and a final proposal is not yet in place. 

The Company is still in a positive ongoing dialogue with the Senior Bank and
the Company has requested, and received, an extension of the stand-still period
until 26th May 2010. During this period the senior loan cannot be terminated
due to non-compliance of the loan-to-value condition. 


The Board of Directors


Please address questions relating to this Notice to Chairman Ole Vagner on
telephone +45 40254113 or via e-mail ole@vagner.dk. 

Further information about Kefren Properties IX AB is available on the Company's
website, www.kefren.se.

News Source: NASDAQ OMX



28.04.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      Kefren Properties IX AB
              
               
              Denmark
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         DK0030039300
WKN:          
 
End of News                                     DGAP News-Service
 
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