REPORT ON ACTIVITIES THIRD QUARTER 2012 09-11-2012
On 8th November 2012, the intrinsic value amounted to EUR 281 per share compared to EUR 278 at 30th June 2012 (+1%)
SIGNIFICANT EVENTS SINCE 30TH JUNE 2012
During the third quarter 2012, the Company has
- Sold its remaining interest in Cofinimmo (306,147 shares sold since 01/01/2012 with 176,000 from 30.06.2012)
- Repaid in October 2012 the matured 2005-2012 bond of EUR 36 million. It remains a bond of EUR 60 million with maturity in November 2014
- Processed end of July 2012,to a capital reduction of EUR 25 per share decided by the extraordinary general meeting of 25 April 2012
- Decided to cancel the Executive Committee and the position of Managing Director on 31 August 2012.
In the litigation "Fortis-insider", it is expected that an intermediate hearing will be held in September 2013. Correctional Tribunal hearings and oral arguments are set in September and October 2014.
The results and/or trends of the principal holdings are in line with expectations.
OUTLOOK FOR THE CURRENT FINANCIAL YEAR
The Board remains confident in the assets quality, and cautious on the outlook in the short or medium term.
4th March 2013 (5.35pm) Annual Results 2012