Delisting Announcement • Jan 11, 2011
Delisting Announcement
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Regulated information 11 January 2011: 5.45 PM
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Banimmo has decided to request the delisting of its shares from NYSE Euronext Paris (ISIN Code BE0003870871), considering the costs related with a dual listing. This decision has been approved by the Board of Directors of Euronext Paris.
The delisting will be effective on January 12th 2011. Today, January 11th 2011 was therefore the last trading day on Euronext Paris.
The Banimmo shares remain listed on NYSE Euronext Brussels. The delisting of the Banimmo shares from NYSE Euronext Paris has no impact on the day-to-day operations of Banimmo in France where the company continues to have an active presence.
Christian Terlinden nv BANIMMO sa Phone. : +32 2 710 53 42 e-mail : [email protected]
Banimmo, a real estate company for repositioning and redevelopment, acquires buildings that have a high potential for redevelopment in order to re-sell them after transformation. The company, which is active in Belgium, in France and in Luxembourg in the office, retail and semi-industrial sectors, as well as in conference and exhibition centres, is established in Brussels. Its subsidiary, Banimmo France, covers the French market from its headquarters in Paris. The company has thirty employees. Until now, the Banimmo group has invested in around 27 real estate properties representing a total value of more than € 357 million. Belgium constitutes the predominant market, with nearly 60% of the portfolio in terms of market value. France represents more than 40% of Banimmo's portfolio. The portfolio is continually evolving thanks to the ongoing repositioning and to the high rotation of the assets. Banimmo is listed on Euronext Brussels and Paris. Currently the company is held by the SIIC Affine (50%) and the management (28.8%) that have signed a shareholder agreement. The remainder, that is 21.2%, is in the hands of the public.
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