DGAP-Adhoc: publity AG: publity intends to switch to Prime Standard
DGAP-Ad-hoc: publity AG / Key word(s): Miscellaneous
publity AG: publity intends to switch to Prime Standard
15-Oct-2019 / 10:20 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Publication of inside information pursuant to Article 17 of the Regulation (EU)
publity intends to switch to Prime Standard
- Planned switch from scale to Prime Standard in summer 2020
- Listing in regulated market after successful PREOS integration and presentation of IFRS consolidated financial statements 2019
- Segment change is next step in publity's dynamic growth strategy
Frankfurt 15/10/2019 - publity AG (Scale, ISIN DE0006972508) aims to switch from the over-the-counter segment Scale to the Prime Standard (regulated market) of the Frankfurt Stock Exchange in the summer of 2020. The planned listing in the market segment with the highest transparency requirements on the Frankfurt Stock Exchange reflects the dynamic business development of publity and is intended to increase awareness among international investors. At the same time, publity creates the prerequisites for future inclusion in a selection index of Deutsche Börse AG.
The switch to the Prime Standard is to take place following the completion of the restructuring of the company and the presentation of consolidated financial statements for the 2019 financial year. Only recently publity had taken over 92.77 percent of the listed PREOS Real Estate AG (see Corporate News of 04.10.2019).
publity AG has been listed on the stock exchange since April 2015 and on the scale of the Frankfurt Stock Exchange since March 2017. Based on 14,759,907 shares, the current market capitalisation amounts to around EUR 439 million.
Thomas Olek, CEO of publity, comments: 'publity is one of the most successful players in the German commercial real estate market and has excellent prospects. By switching to the Prime Standard, we want to support the company's further growth and become even more interesting for international investors.'
publity AG
OpernTurm, Bockenheimer Landstraße 2-4
60306 Frankfurt am Main
Phone: +49 (0) 69 / 770 115 29
Mail: info@publity.de
About publity
publity AG has established itself as a successful asset manager of German office real estate and has carried out more than 1,100 real estate transactions with partners since 2012 - including more than 600 property purchases for customers and more than 500 profitable property sales with an average holding period of 24 months. Assets under Management currently amount to approximately EUR 5 billion. publity benefits from broad market knowledge, a strong network and excellent access to the real estate market. The majority of property purchases are off-market deals. Currently, publity acts as asset manager for several different clients with whom long-term asset management contracts exist for a total of 122 assets. In addition, publity is in negotiations for the conclusion of further asset management contracts with third parties.
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