Yesterday, DCN received this email from Leica:
Dear Leica friends,
Following the ad hoc announcement of Leica Camera AG,
Solms, of February 17, 2005, stating that the Company
expects a loss of half of its registered share capital in
March 2005, the banks have partially terminated their credit
lines. The remaining lines still cover the current liquidity
requirements. The Company’s Board of Management has
entered into negotiations with the banks on a solution that
will carry the Company until the time of its Extraordinary
General Meeting on May 31, 2005, at which capital
measures are to be proposed to the shareholders.
With best regards,
Leica Camera AG
Corporate Communications
http://www.leica-camera.com/
