Regulatory Filings • Jan 11, 2008
Regulatory Filings
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Ad-hoc | 11 January 2008 10:30
Deutsche Börse plans new office building in Eschborn and expects significant reduction in tax burden
Deutsche Börse AG / Miscellaneous
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
Deutsche Börse is planning to move its staff, currently based in
Frankfurt-Hausen, to the neighboring town of Eschborn. This was decided by
the Executive Board of Deutsche Börse AG on Friday. A modern new building
is to be built by summer 2010, which Deutsche Börse will then rent. As
early as the second quarter of 2008, around 1000 staff are to move
temporarily to an existing building in Eschborn. The move will mean a
significant reduction in the company’s trade tax burden and in its building
occupancy costs. The company’s registered office will remain in Frankfurt,
as will the trading floor of the Frankfurt Stock Exchange, located in the
Alte Börse in Frankfurt City Centre.
Deutsche Börse anticipates that this move will lead to a further reduction
in its tax rate. The relocation, along with the takeover of International
Securities Exchange ISE and the effects of the corporate tax reform in
Germany, are expected to result in a tax rate of between 25 and 27 percent
in 2010. The company expects to achieve a tax rate of under 30 percent
already for 2008, compared with the previous estimate of 31 to 33 percent.
As a result, Deutsche Börse will be able to achieve a significant
improvement in future earnings despite the costs incurred particularly in
connection with the relocations and the planning work for the new building.
The lease agreement for the current office building in the Hausen district
of Frankfurt, which Deutsche Börse has occupied since 2000, will expire in
2010. Overall, the new improved building will thus lead to a reduction in
building occupancy costs from 2010.
Contact:
Walter Allwicher
Tel.: +49-69-21 11 15 00
Language: English
Issuer: Deutsche Börse AG
Neue Börsenstraße 1
60487 Frankfurt am Main
Deutschland
Phone: +49 (0)69 211 - 0
Fax: +49 (0)69 211 - 12005
E-mail: [email protected]
Internet: www.deutsche-boerse.com
ISIN: DE0005810055
WKN: 581005
Indices: DAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Hannover, München, Hamburg, Düsseldorf, Stuttgart;
Terminbörse EUREX
End of News DGAP News-Service
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