RomReal :Second (Q2) Quarter 2013 Financial Results Report and Investor Presentation.
RomReal hereby announces the highlights in connection with the Q2 2013 results:
* Statutory Net Asset Value (NAV) under IFRS was EUR 4.57 (NOK 35.7) per share
at the end of Q2 2013, an increase of 1.1% compared to the end of Q1 2013.
This is mainly due to the foreign exchange movement. The Group has not made
any changes to the land bank portfolio valuation since the year end
independent valuation (Note: These figures are pre rights issue that was
completed in July 2013).
* Group Pre-tax Profit in Q2 2013 of EUR 0.006 million. Total assets at end Q2
2013 were EUR 34.5 million.
* On 15 May 2013 the Company gave notice that all shareholders could sell up
to 3,000 of their shares. This resulted in 80,195 shares (Note: Pre rights
issue) being bought back by the Company and reduced the RomReal number of
shareholders from 426 to 344.
* Through the Rights Issue completed during July 2013, RomReal raised NOK
12.3 million before transaction related costs of NOK 0.9 million. The number
of shares has been increased by 98,494,720 shares to 103,419,456 shares
compared to 4,924,736 shares prior to the rights issue.
* A likely reverse stock split will take place before 31 December 2013 as
approved by the shareholders during the 2013 Annual General Meeting. This is
in order to conform with the Oslo Stock Exchange regulations requiring the
share to trade above NOK 1.
RomReal invites investors, analysts and media to the conference call, to be held
tomorrow Friday 30 August 2013 at 9.00 a.m. Oslo time.
Those who would like to attend the conference call are invited to dial:
UK Freefone: 0800 389 7473
UK Direct: 01296 480 180
International direct: +44 1296 480 180
Global Access Numbers: http://www.btconferencing.com/globalaccess/?bid=54_auto
mated
Global Access Numbers are in-country toll free or local dial-in numbers for
this conference. Give this URL to anyone -- both speakers and participants --
joining the conference so they can find the appropriate in-country dial-in
number. You can also use these Global Access dial-in numbers if you are
travelling.
Passcode: 660 610#
For further information please contact:
Harris Palaondas
Investor Relations
RomReal Ltd
+0040731123037
investors@romreal.com
info@romreal.com
www.romreal.com
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
[HUG#1725966]