DGAP-Adhoc
POLIS Immobilien AG: POLIS Immobilien decides to delist its shares
POLIS Immobilien AG / Key word(s): Delisting/Letter of Intent
05.03.2015 19:51
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
AD-HOC Release
POLIS Immobilien decides to delist its shares
- Continued stock-market listing on the unregulated market is being
reviewed
Berlin, 5 March 2015. Today, with the approval of the Supervisory Board,
the Management Board of POLIS Immobilien AG, Berlin, decided that it will
shortly submit an application to the Frankfurt Stock Exchange for the
revocation of the admission of POLIS Immobilien AG shares to trading on the
regulated market (delisting). It is to be assumed that the delisting will
take effect six months after publication of a positive decision by the
Frankfurt Stock Exchange.
The Management Board's decision was based on the fact that the economic
benefit of POLIS Immobilien AG's stock-market listing no longer justifies
the associated expense. "For some time, around 95 percent of POLIS shares
have been held by three shareholder groups," says Dr Alan Cadmus, CEO of
POLIS. "Stock-market trading has been negligible for some time. The company
has a very solid financial base and there are no plans to raise capital on
the stock market in the foreseeable future."
The Management Board will review whether it might make sense, once the
delisting from the regulated market is completed, to include the shares of
POLIS Immobilien AG in trading on the Open Market of one or more German
stock exchanges.
End of ad-hoc release
POLIS Immobilien AG, which was founded in Berlin in 1998, is a listed real
estate company that buys, refurbishes/revitalises, and manages office
properties for its own portfolio. The company focuses on one market
segment: office properties in inner-city locations at the most important
German office centres. The company acquires properties that are either
already renovated and are completely let, thereby generating stable cash
flow, or properties that are vacant or require modernisation, and which
offer specific value appreciation potential. This potential may be realised
by corresponding modernisation measures or full revitalisation. As of
September 30 2014, POLIS' real estate portfolio comprised a total of 23
properties with a market value of around EUR 311 million. POLIS Immobilien
shares are listed on the regulated market (Prime Standard, ISIN:
DE0006913304) of the Frankfurt Securities Exchange. Further information can
be found at www.polis.de.
Investor Relations: Press contact:
05.03.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: POLIS Immobilien AG
Rankestraße 5/6
10789 Berlin
Germany
Phone: +49 30 225 00-261
Fax: +49 30 225 00-299
E-mail: info@polis.de
Internet: www.polis.de
ISIN: DE0006913304
WKN: 691330
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Hamburg, Munich
End of Announcement DGAP News-Service
---------------------------------------------------------------------------
POLIS Immobilien decides to delist its shares
- Continued stock-market listing on the unregulated market is being
reviewed
Berlin, 5 March 2015. Today, with the approval of the Supervisory Board,
the Management Board of POLIS Immobilien AG, Berlin, decided that it will
shortly submit an application to the Frankfurt Stock Exchange for the
revocation of the admission of POLIS Immobilien AG shares to trading on the
regulated market (delisting). It is to be assumed that the delisting will
take effect six months after publication of a positive decision by the
Frankfurt Stock Exchange.
The Management Board's decision was based on the fact that the economic
benefit of POLIS Immobilien AG's stock-market listing no longer justifies
the associated expense. "For some time, around 95 percent of POLIS shares
have been held by three shareholder groups," says Dr Alan Cadmus, CEO of
POLIS. "Stock-market trading has been negligible for some time. The company
has a very solid financial base and there are no plans to raise capital on
the stock market in the foreseeable future."
The Management Board will review whether it might make sense, once the
delisting from the regulated market is completed, to include the shares of
POLIS Immobilien AG in trading on the Open Market of one or more German
stock exchanges.
End of ad-hoc release
POLIS Immobilien AG, which was founded in Berlin in 1998, is a listed real
estate company that buys, refurbishes/revitalises, and manages office
properties for its own portfolio. The company focuses on one market
segment: office properties in inner-city locations at the most important
German office centres. The company acquires properties that are either
already renovated and are completely let, thereby generating stable cash
flow, or properties that are vacant or require modernisation, and which
offer specific value appreciation potential. This potential may be realised
by corresponding modernisation measures or full revitalisation. As of
September 30 2014, POLIS' real estate portfolio comprised a total of 23
properties with a market value of around EUR 311 million. POLIS Immobilien
shares are listed on the regulated market (Prime Standard, ISIN:
DE0006913304) of the Frankfurt Securities Exchange. Further information can
be found at www.polis.de.
Investor Relations: Press contact:
Dr. Alan Cadmus Christina Siebels
POLIS Immobilien AG HOSCHKE & CONSORTEN Public Relations GmbH
Tel: +49 30 225 00 250 Tel: +49 40 36 90 50-58
E-Mail: ir@polis.de E-Mail: c.siebels@hoschke.de
URL: www.polis.de
05.03.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: POLIS Immobilien AG
Rankestraße 5/6
10789 Berlin
Germany
Phone: +49 30 225 00-261
Fax: +49 30 225 00-299
E-mail: info@polis.de
Internet: www.polis.de
ISIN: DE0006913304
WKN: 691330
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Hamburg, Munich
End of Announcement DGAP News-Service
---------------------------------------------------------------------------
Aktuelle Themen
Weitere Artikel des Autors
1 im Artikel enthaltener WertIm Artikel enthaltene Werte