POLIS Immobilien AG
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: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.de05.03.2015 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 ---------------------------------------------------------------------------
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