Announcements

Foreign exchange rate risk management principles

Posted on 11.07.2011

On 11 July 2011, the foreign exchange rate risk management guidelines of Olympic Entertainment Group AS (OEG) were approved by the Supervisory Board. All functional currencies of subsidiaries belonging to OEG group, as well as US dollar (USD), Swiss franc (CHF) and investment gold (XAU), and derivative instruments based on such currencies, can be used for foreign exchange rate risk management. The market value of assets USD, CHF or XAU (including derivative instruments based thereon) in total may not exceed an amount corresponding to 20% of the equity as in the latest audited consolidated balance sheet of OEG group.

 

Additional information:

Madis Jääger
Member of the Management Board, CFO
Olympic Entertainment Group AS
Tel + 372 667 1250
E-mail madis.jaager@oc.eu
http://www.olympic-casino.com

« Back to list