Scandinavian House Development SA (“SHSA” or the “Company”) has requested a temporary suspension of the trading of its shares. The reason for request of the temporary trading suspension is to make it possible for the board and the Company to finish a proposal to all shareholders, on a new structure where an number of the deals in closing will be organized in the best possible way, both in regard to optimize the business, as well to create the best shareholder value. The current estimation from the Board is that this process might take more time (yet to be estimated), but that its important that a full proposal can be delivered. The company will inform before resuming trading.
SCANDINAVIAN HOUSE DEVELOPMENT SA
Route d’Oron 2, 1010 Lausanne, Switzerland
Exchange: NYSE Euronext Paris
Market: Marché Libre
Symbol : MLSHD
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.