DGAP-News
GIEAG Gewerbe Immobilien Entwicklungs AG: Market segment change on the stock exchange - now listing in the Entry Standard
DGAP-News: GIEAG Gewerbe Immobilien Entwicklungs AG / Key word(s):
Regulatory Approval/Regulatory Admission
GIEAG Gewerbe Immobilien Entwicklungs AG: Market segment change on the
stock exchange - now listing in the Entry Standard
16.04.2012 / 10:50
GIEAG Pressemitteilung / Corporate News:
Market segment change on the stock exchange - now listing in the Entry
Standard
- More transparency for shareholders - planned medium term capital
measure
Munich, 16.04.2012: Two years after the listing on the stock exchange GIEAG
Gewerbe Immobilien Entwicklungs AG, GIEAG for short, transferred to the FWB
Frankfurter Stock Exchange from the open market (First Quotation Board) in
the Entry Standard. The German stock exchange has already granted the
request. The total share capital, divided into 4.2 million shares, is
admitted for trading.
´With the decision for a change in the Entry Standard we have consciously
decided on greater transparency and a higher level of information for our
shareholders and market participants´, stresses Christoph Klotz, chairman
of GIEAG. ´The results of the last few years underline our sustainable and
successful business model. As part of our declared expansion strategy in
the project business and increasingly in attractive residential property we
plan in the medium term to generate required equity via the capital market.
For this reason, in the future we will increasingly use market
opportunities that present themselves and realise new projects with
appropriate returns at an acceptable risk. Using the increasing share in
residential property with particular development potential we are building
an enhanced material for the future and additionally generating a steady
cash flow. This means we can plan for our business and avoid the risk at
the same time as well.´
End of press release
Service:
The annual report for the financial year 2010 is available for download on
the internet at our redesigned company website: www.gieag.de.
The annual general meeting takes place on 07 May 2012 at 12:00 in Hotel
Park Hilton, at Tucherpark 7, 80538 Munich. You can access related
documents on our company website under Publications.
About GIEAG Gewerbe Immobilien Entwicklungs AG (GIEAG):
The quoted project development company GIEAG Gewerbe Immobilien
Entwicklungs AG, which is abbreviated as GIEAG and was founded in December
1999, supports its clients from the initial idea, to the financial and
realization of projects, and on to the sale of the finished property. Its
main focus is the realization of long-term retailing projects, office
buildings, and logistic centers located primarily in southern Germany. In
addition, GIEAG also operates as an investor for residential real estate
with particularly high potential for development. The Internet site
www.gieag.de provides you an overview of our corporation, as well as its
history and our portfolio of services.
GIEAG Gewerbe Immobilien Entwicklung AG
Investor Relations, Philipp Pferschy
Oettingenstraße 35
80538 München
Email: ir@gieag.de
Tel: +49 89 290516-13
End of Corporate News
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165022 16.04.2012