Homburg Invest Inc.
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Publicatie datum
24 aug 2011 - 05:50
Statutaire naam
Homburg Invest Inc.
Titel
HOMBURG INVEST RECEIVES FURTHER COMMUNICATION FROM NETHERLANDS AUTHORITY FOR FINANCIAL MARKETS
Bericht
HALIFAX, Nova Scotia. August 23, 2011 - (TSX: HII.A & HII.B and NYSE Euronext Amsterdam: HII) - Homburg Invest Inc. (“Homburg Invest” or the “Company”) announced today that the Company has received a letter from The Netherlands Authority for Financial Markets (“AFM”), stating that the AFM is not satisfied with Homburg Invest’s compliance with certain elements of the AFM’s instruction previously disclosed on May 26, 2011.
The AFM has indicated in its letter that, after a response period leading up to September 1, 2011 during which Homburg Invest can submit reasons to the AFM in support of a different outcome, it intends to revoke Homburg Invest’s licence as a financial institution in The Netherlands, which licence is required to maintain Homburg Invest’s ability to offer “participation rights” (which include shares) of the Company to investors in The Netherlands.
The letter from the AFM conveys an intention to make a decision and is not definitive. Homburg Invest is assessing the complete implications of the letter, and is planning to approach the AFM to address the situation. Despite the non definitive nature of the letter from the AFM, the Company deems it desirable, given the nature of the AFM’s intention, to make today’s announcement and inform market participants of the receipt of the letter. The Company will provide a further update to investors in due course.
Datum laatste update: 01 september 2024