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Jelmoli (SWF:JEL) Corporate news announcement processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- -------------- The Board of Directors of Jelmoli has decided to postpone the Extraordinary Shareholders Meeting, originally scheduled for November 5, 2008.
The reason for the postponement is that the finalization of the refinancing arrangements for Jelmoli's current debt facilities will require more time than anticipated in light of significant changes in the financial market environment. The Board of Directors considers it to be in the best interest of the company and its shareholders to finalize the negotiations with the debt providers before the shareholders are asked to vote on the strategic Plan. A new date for the extraordinary shareholders meeting will be communicated in due course.
Contact person Media: Dr. Jörg Neef, Hirzel. Neef. Schmid. Konsulenten +41 79 405 56 32, eMail: joerg.neef@konsulenten.ch
This media information contains forward looking statements which express intentions, estimates, expectations and forecasts relating to future financial, operational and other developments and results. Such statements and the underlying assumptions are subject to a variety of risks, uncertainties and other factors which could mean that the actual developments may significantly differ therefrom. Shareholders should further note that even if the general meeting approves the transaction, the consumption of the transaction may fail, in full or in part, or may be delayed, for example if resolutions are challenged or if necessary approvals were not granted. In view of these uncertainties, readers of this media information are cautioned not to place undue reliance on such forward looking statements. This document does not contain or constitute an offer to sell or a solicitation of any offer to buy securities in the United States or in any other jurisdiction in which such offer or solicitation is not authorized or to any person to whom it is unlawful to make an offer or solicitation. The securities have not been and will not be registered under the United States securities laws and may not be offered or sold in the United States.
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WKN: 851225; ISIN: CH0000668464; Index: SMCI, SPI, SPIEX; Listed: Main Market in SWX Swiss Exchange;
