Copenhagen, 2014-10-24 07:37 CEST (GLOBE NEWSWIRE) -- Information for the period 1 July 2014 to 24 October 2014
Events and transactions
Rella Holding A/S’ activity has been unchanged during the period. The only activity is to hold nominal value DKK 9,327,000 shares in the media group Aller Holding A/S. The shareholding represents appr. 64% of the outstanding shares in Aller Holding A/S. The shares are all B-shares with limited voting rights.
According to press releases on Aller Media A/S’ homepage, Aller Media A/S has during the period acquired the Datagraf Group, which i.a. deals with client publishing and has a turnover of approximately 210 million DKK per year. On the said homepage it was further stated on 24 September 2014 that Aller Media A/S continues its rationalization efforts by closing the print editions of five magazines with small circulation numbers.
Based on the authorization given to the Board of Directors at the latest AGM, Rella Holding A/S has during the period purchased 122,280 treasury shares for a total purchase price of DKK 6.3m, corresponding to an average purchase price of DKK 51.4 per share.
The holding of treasury shares as at today amounts to 230,401 shares.
General information about the financial position and results of Rella Holding A/S
As at today, the bank debt amounts to DKK 132.9m including accrued interest. The current interest rate is 3.5% p.a.
During the period, the shareholders’ equity has been reduced by the period’s loss, which is comprised of interest expenses and administrative expenses, and reduced by the DKK 6.3m purchase price for treasury shares bought during the period.
In other respects the company’s financial position is unchanged from the position on 30 June 2014.
Outlook
For the accounting year 2014, Rella Holding A/S is still expecting a net result of approximately DKK 22m, cf. the Company’s report for the 1st half of 2014.
During the future period from today and until 3 weeks before publication of the annual report for 2014 (i.e. until or around the end of February 2015), Rella Holding A/S expects to acquire treasury shares for appr. DKK 11 million on the stock exchange. The purchases will be distributed evenly over the period.
Kind regards,
Rella Holding A/S
Contact: Klaus Landstrøm, CEO. Telephone: +45 51 35 61 13
For further information on Aller Holding A/S and Rella Holding A/S, please refer to the companies’ respective websites, www.aller.dk and www.rella.dk.
