Key Developments: Alto Palermo SA APSA (APSA.O)
16.49USD
22 May 2013
$1.59 (+10.67%)
$14.90
$14.95
$17.50
$14.95
21,928
2,445
$18.25
$12.15
Latest Key Developments (Source: Significant Developments)
Alto Palermo SA Apsa Announces Further Details On FY 2012 Dividend Payment
Alto Palermo SA Apsa announced a dividend payment for fiscal year 2012 in the amount of ARS 166,500,000, at a value of ARS 0.13212812297 per share, and at a value of ARS 5.285124918784 per American Depository Receipt (ADR), effective on May 21, 2013 for the shareholders of record on May 20, 2013. Full Article
Alto Palermo SA Apsa Plans FY 2012 Dividend Payment
Alto Palermo SA Apsa announced that during the shareholders meeting to be held on May 3, 2013 it will propose to distribute for the fiscal year 2012 a dividend in the amount of ARS 166,500,000. Further details were not disclosed. Full Article
Alto Palermo SA Apsa To Convert Shares Into Negotiable Bonds
Alto Palermo SA Apsa announced that it has decided to proceed with the conversion of 30,864 ordinary shares, at the nominal value of ARS 0.1 per share into negotiable bonds in the amount of USD 1,000, at the nominal value of USD 1. As a result of the conversion the share capital of the Company has increased from 1,260,109,644 shares to 1,260,140,508 shares. The amount of negotiable bonds convertible into ordinary shares is USD 31,738,262. Full Article
Alto Palermo SA Apsa Announces Absence of Board of Directors’ Chairman
Alto Palermo SA Apsa announced that Chairman of the Board of Directors, Mr. Eduardo Sergio Elsztain, will take a leave from January 7, 2013 to January 31, 2013, including. Full Article
National Competition Commission Authorizes Purchase By Banco Hipotecario SA Of 80% Stake In Tarshop SA From Alto Palermo SA Apsa
Banco Hipotecario SA announced that the National Competition Commission (la Comision Nacional de Defensa de la Competencia) has authorized the purchase of a 80% stake in Tarshop SA by Banco Hipotecario SA from Alto Palermo SA Apsa, which owns the remaining 20% of its stake. Financial details were not disclosed. Full Article
Alto Palermo SA Apsa Acquires 50% Stake In Entertainment Holdings SA
Alto Palermo SA Apsa announced that it has acquired a 50% stake in Entertainment Holdings SA for the price of ARS 32,000,000. Entertainment Holdings SA owns a 100% shares of Boulevard Norte SA and Entretenimiento Universal SA. Full Article
Alto Palermo SA Apsa Announces Further Details On FY 2012 Dividend Payment
Alto Palermo SA Apsa announced that its dividend for the fiscal year ending on June 30, 2012 in a total amount of ARS 140,000,000, representing ARS 0,111121148349 per share and ARS 4,444845933973 per ADR, will be distributed on November 30, 2012. Full Article
Alto Palermo SA Apsa Signs Syndicated Loan Agreement
Alto Palermo SA Apsa announced that on November 16, 2012 it signed a syndicated loan agreement in the amount of ARS 118 million with local banks. The loan will have a validity of 36 months, the capital will be repaid in quarterly installments and consecutive, where the first 12 months or granting the loan will be free of charge. The annual interest is set at a 15.01%, payable monthly in arrears. Full Article
Alto Palermo SA Announces Cash Dividend Payment
Alto Palermo SA announced that its shareholders approved to pay a cash dividend payment in the amount of ARS 140,000,000. Further details were not disclosed. Full Article
Alto Palermo SA Announces Further Details on FY 2011 Cash Dividend Payment
Alto Palermo SA, announced that, in relation to its cash dividend payment for fiscal year 2011 in the amount of ARS 177,000,000, the payment date will be on June 29, 2012 for shareholders on record as of June 28, 2012. Full Article
TEXT-Fitch affirms Alto Palermo's notes at 'B/RR3'
Jan 9 - Fitch Ratings has affirmed the following ratings of Alto Palermo S.A. (APSA): --Foreign currency Issuer Default Rating (IDR) at 'B-', Rating Outlook Negative; --Local currency IDR at 'B+', Rating Outlook Negative; --USD120 million senior unsecured notes due in 2017 at 'B/RR3'; --National scale rating at 'AA+(arg)', Rating Outlook Stable; --National scale senior unsecured notes at 'AA+(arg)'; --National scale equity rating at '1'. The 'RR3' recovery rating reflects good recovery prospec
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