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- Mobimo Holding AG: Swiss Supreme Court's ruling to have positive non-recurring effect in 2011
May 5, 2011
Mobimo Holding AG: Swiss Supreme Court's ruling to have positive non-recurring effect in 2011
Mobimo Holding AG / Key word(s): Miscellaneous 05.05.2011 06:50 Release of an ad hoc announcement pursuant to Art. 72 KR --------------------------------------------------------------------------- M e d i a R e l e a s e Swiss Supreme Court's ruling to have positive non-recurring effect in 2011 Lucerne/Küsnacht, 5 May 2011 - The Swiss Supreme Court's ruling of 4 April 2011 put an end to the year-long legal dispute between Mobimo Holding AG ('Mobimo') and the city of Zurich. The case involved the offsetting of losses between municipalities and cantons and a claim for reimbursement of costs incurred in connection with the assessment of property gains tax. As a result of this Supreme Court ruling, which is positive for Mobimo, the com-pany should be able to release tax provisions in the higher-single-digit millions this year. For enquiries please contact: Mobimo Holding AG Manuel Itten, CFO +41 44 397 11 44 ir@mobimo.ch About Mobimo Mobimo Holding AG was established in Lucerne in 1999 and has been listed on the SIX Swiss Ex-change since 2005. The Mobimo Group has an attractive portfolio mix of investment properties pro-viding stable income and development properties offering extensive value enhancement potential. Investments are targeted mainly in the promising locations of Zurich and Lausanne/Geneva and in the economic regions of Basel, Lucerne/Zug, Aarau and St. Gall. With a property portfolio that has an overall value of over CHF 2.0 billion, Mobimo is one of the leading real estate companies in Swit-zerland. The portfolio contains development properties with an investment volume of more than CHF 1 billion up to 2015 (as at 31 December 2010). 05.05.2011 News transmitted by EquityStory AG. The issuer is responsible for the contents of the release. EquityStory publishes regulatory releases, media releases on the capital market and press releases. The EquityStory Group distributes authentic and real-time financial news for over 1'300 listed companies. The Swiss news archive can be found at www.equitystory.ch/news ---------------------------------------------------------------------------