Major Shareholding Notification • Jan 22, 2007
Major Shareholding Notification
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Corporate | 22 January 2007 10:45
ARQUES free float increases to more than 85%
ARQUES Industries AG / Miscellaneous
Corporate news transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
ARQUES free float increases to more than 85%
Starnberg, January 22, 2007 – The executive board of the Starnberg-based
equity investment company, ARQUES Industries AG (ISIN DE0005156004), has
reduced its interest in the company by approximately 8% to 14.7%. Hereby
the company’s free float increases to 85.3%. The transaction took place on
January 17 and 18, 2007, part of which was the sale of 1.85 million shares
at a share price of EUR 14.40 by the chairman of the executive board, Dr.
Peter Löw. Dr. Löw thereby reduced his interest in ARQUES Industries AG
from 21.8% to 14.1%. The shares were sold OTC within a short time to
renowned institutional investors in Germany and in the Anglo-Saxon area.
The sale took place solely for private reasons, among other things because
of considerable tax payments due by Dr. Löw. Dr. Löw’s commitment as
chairman of the executive board and largest single shareholder in ARQUES
Industries AG naturally remains unaffected by the transaction. In addition,
ARQUES COO, Markus Zöllner, sold 100,000 shares at EUR 15.60.
Goal: Admission to MDAX
ARQUES Industries AG, currently listed on the SDAX, is aiming at the
admission to the MDAX in the medium-term. The conditions of admission are a
sufficiently large market capitalisation as well as a correspondingly high
trade volume. The German Stock Exchange takes the free float of the
corporations into account in the calculation of these criteria. Due to the
increase in the free float to more than 85%, ARQUES improves its position
for moving up into the crucial rankings. According to the MDAX statistics
of the German Stock Exchange dated December 31, 2006, ARQUES was on rank 76
based on market capitalisation, and on rank 66 based on trade volume.
Companies which fulfil the so-called 60/60 rule, i.e. at least rank 60 in
both criteria, are considered for admission to the MDAX,
About ARQUES
ARQUES Industries AG, Starnberg, (www.arques.de) is a turnaround specialist
who focuses on the acquisition and the active restructuring of companies in
transitional situations, in order to develop these, with its own team and
own resources, to competitive enterprises with a positive yield. ARQUES
revitalises its subsidiaries' potential for creating value for the benefit
of all its stakeholders, taking on the relevant social responsibility.
ARQUES has made a duty of identifying underestimated companies with reduced
survivability but with high appreciation potential, at the same time
mastering complex company structures and transitional situations. The
shares of ARQUES Industries AG are traded in the regulated market (Prime
Standard) of the Frankfurt Stock Exchange under the symbol 'AQU' (ISIN:
DE0005156004)
and are listed in the SDAX since September 19, 2005.
Contact:
ARQUES Industries AG
Investor Relations & Corporate Communication
Anke Lüdemann, CEFA/CIIA
Christian Schneider
Tel.: +49 (0) 8151/ 651 0
Email: [email protected]
Email: [email protected]
Language: English
Issuer: ARQUES Industries AG
Münchner Str. 15a
82319 Starnberg Deutschland
Phone: +49 (0)8151 651-0
Fax: +49 (0)8151 651- 500
E-mail: [email protected]
WWW: www.arques.de
ISIN: DE0005156004
WKN: 515600
Indices: SDAX
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin-Bremen, Hamburg, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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