PRESS RELEASE
from InCity Immobilien AG (isin : DE000A0HNF96)
EQS-Adhoc: INCITY IMMOBILIEN AG RESOLVES TO DELIST FROM REGULATED UNOFFICIAL MARKET AT FRANKFURT STOCK EXCHANGE
EQS-Ad-hoc: InCity Immobilien AG / Key word(s): Delisting
INCITY IMMOBILIEN AG RESOLVES TO DELIST FROM REGULATED UNOFFICIAL MARKET AT FRANKFURT STOCK EXCHANGE
16-Dec-2024 / 11:23 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Schönefeld, 16 December 2024 – InCity Immobilien AG resolves to delist from regulated unofficial market at Frankfurt Stock Exchange
The Management Board of InCity Immobilien AG (“InCity” or the “Company”) resolved today, with the approval of the Supervisory Board, to delist InCity’s shares (ISIN DE000A0HNF96 / WKN A0HNF9) from the regulated unofficial market (Basic Board) of the Frankfurt Stock Exchange. The Company’s Management Board will send the according delisting notice to the Frankfurt Stock Exchange today.
At the end of the three-month notice period, trading in the Company’s shares on the regulated unofficial market of the Frankfurt Stock Exchange will cease (i.e. prospectively on 17 March 2025). Until the end of the three-month period, the Company’s shareholders will continue to have the opportunity to trade their shares on the regulated unofficial market of the Frankfurt Stock Exchange.
The decision to delist was made particularly in light of the costs, follow-up and transparency obligations associated with inclusion in stock exchange trading and the associated risks. In addition, due to its permanent anchor shareholder Realsoul Holding S.A. which holds a majority interest in InCity, the Company is no longer necessarily dependent on corporate financing via the capital market. The delisting is expected to reduce the Company’s administrative and other expenses in future.
Reporting and contact person:
Michael Freund
Sole member of the Management Board (CEO)
InCity Immobilien AG
Lilienthalstrasse 2
12529 Schönefeld, Germany
Phone: +49 (0)30 403 64 77-0
E-mail: ir@incity.ag
The Management Board of InCity Immobilien AG (“InCity” or the “Company”) resolved today, with the approval of the Supervisory Board, to delist InCity’s shares (ISIN DE000A0HNF96 / WKN A0HNF9) from the regulated unofficial market (Basic Board) of the Frankfurt Stock Exchange. The Company’s Management Board will send the according delisting notice to the Frankfurt Stock Exchange today.
At the end of the three-month notice period, trading in the Company’s shares on the regulated unofficial market of the Frankfurt Stock Exchange will cease (i.e. prospectively on 17 March 2025). Until the end of the three-month period, the Company’s shareholders will continue to have the opportunity to trade their shares on the regulated unofficial market of the Frankfurt Stock Exchange.
The decision to delist was made particularly in light of the costs, follow-up and transparency obligations associated with inclusion in stock exchange trading and the associated risks. In addition, due to its permanent anchor shareholder Realsoul Holding S.A. which holds a majority interest in InCity, the Company is no longer necessarily dependent on corporate financing via the capital market. The delisting is expected to reduce the Company’s administrative and other expenses in future.
Reporting and contact person:
Michael Freund
Sole member of the Management Board (CEO)
InCity Immobilien AG
Lilienthalstrasse 2
12529 Schönefeld, Germany
Phone: +49 (0)30 403 64 77-0
E-mail: ir@incity.ag
End of Inside Information
16-Dec-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
| Language: | English |
| Company: | InCity Immobilien AG |
| Lilienthalstraße 2 | |
| 12529 Schönefeld | |
| Germany | |
| Phone: | IR: +49 (0) 30 4036477 0 PR: +49 (0) 30 2844987 62 |
| Fax: | +49 (0) 30 403 647 790 |
| E-mail: | ir@incity.ag |
| Internet: | www.incity.ag |
| ISIN: | DE000A0HNF96 |
| WKN: | A0HNF9 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Hamburg, Stuttgart, Tradegate Exchange |
| EQS News ID: | 2051175 |
| End of Announcement | EQS News Service |
2051175 16-Dec-2024 CET/CEST