On its shareholders meeting held on 18th, June 2013, Scandinavian House Development SA (“Scandinavian House” or the “Company”) also has resolved an authorized capital increase from currently CHF 4,300,000 by CHF CHF 2,150,000 to CHF 6,450,000. The capital increase can be implemented by the Board of Directors for various purposes and in portions. The authorization for the capital increase is valid for two years. By this authorization the Board of Directors is now in the situation to react more flexible and fast to catch opportunities for further acquisitions of suitable companies or the formation of Joint Ventures that may support the business plan and the company’s goal for an international expansion.
Contact:
SCANDINAVIAN HOUSE DEVELOPMENT SA
Route d’Oron 2, 1010 Lausanne, Switzerland
E-Mail: info@scandinavianhouse.net
Internet: www.scandinavianhouse.net
Disclaimer; Forward-Looking Statements:
This announcement or any other statement from SCANDINAVIAN HOUSE DEVELOPMENT SA contains forward-looking statements that are based on assumptions and estimations of SCANDINAVIAN HOUSE DEVELOPMENT SA. Words such as “estimate,” “expect“, “plan,” “project” and “will” and similar expressions identify such forward-looking statements. The actual results may differ substantially from such assumptions and estimations caused by various factors. These forward-looking statements speak only as of their dates and have been reasonable at that time. SCANDINAVIAN HOUSE DEVELOPMENT SA undertakes no obligation to publicly update or revise any forward-looking statements. This or any other statement from SCANDINAVIAN HOUSE DEVELOPMENT SA does not constitute an offer or a solicitation of an offer for the purchase or sale or subscription of any securities of SCANDINAVIAN HOUSE DEVELOPMENT SA in Germany, Switzerland or any other country. This statement constitutes pure information about the company. Each and any investment into securities, particularly into shares of young companies like SCANDINAVIAN HOUSE DEVELOPMENT SA, bears high risks including a total loss of the invested amount. Potential investors generally should consult a qualified advisor before taking any investment decision at all.