Urbanove Shopping Development has published a press release in which it informs the market that
the Commercial Court of Brussels has accepted today its request filed on April, 7th together with 4 other companies of its group for a Judicial Reorganization Procedure. This press release is available in attachment.

Banimmo, who is shareholder for 44% of Urbanove, has as of today an outstanding mezzanine loan of which the not provisioned amount in the closing accounts on December 31, 2015 amounts to € 24.5 million.

160415 PRJ UK


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Banimmo via Globenewswire
HUG#2003955
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