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WashTec AG — Delisting Announcement 2005
Sep 20, 2005
483_rns_2005-09-20_16f54dab-4b23-4ed2-a9ea-16aa288a5020.html
Delisting Announcement
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Corporate | 20 September 2005 10:45
WashTec AG relisted in Prime Standard
WashTec AG / Key word(s): Miscellaneous
20.09.2005 / 10:45
WashTec AG relisted in Prime Standard
Augsburg, 20 September 2005 – WashTec AG (ISIN DE0007507501) leaves the General Standard segment of the German stock exchange and is relisted in the Prime Standard segment effective today. Admittance to this segment was officially endorsed by Deutsche Börse AG on September 16, 2005. ‘Our listing in the Prime Standard segment demonstrates our compliance with high international transparency standards. We seek an SDAX listing in the medium term.’ Thorsten Krüger, spokesman of the Board of Management, points out that the company has already complied with the elevated transparency and disclosure standards of the Prime Standard segment in the past and has voluntarily published all requisite information in German and English language as well as providing additional quarterly reports. The relisting in the Prime Standard segment marks the completion of the restructuring of the company’s operations and capitalisation. Building on this solid basis, the company will increasingly focus on growth potential as it moves forward.
An important foundation for the company’s future profitable growth was laid through the EUR 38 million capital increase implemented in August 2005. High demand for WashTec shares and strong interest particularly on the part of institutional investors has continued even after the placement of the issue, providing sustained support for the favourable development of the share price. The WashTec share has appreciated by some 125% to EUR 7.10 since the beginning of the year.
Contact:
Karoline Kalb, Investor Relations
WashTec AG
Argonstraße 7
86153 Augsburg
Tel.: +49 (0)821 – 55 84 – 0
Fax: +49 (0)821 – 55 84 – 12 06
End of Corporate News
20.09.2005 Dissemination of a Corporate News, transmitted by DGAP – a company of EQS Group AG.
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| Language: | English |
| Company: | WashTec AG |
| Argonstraße 7 | |
| 86153 Augsburg | |
| Germany | |
| Phone: | +49 (0)821 55 84-0 |
| Fax: | +49 (0)821 55 84-1135 |
| E-mail: | [email protected] |
| Internet: | www.washtec.de |
| ISIN: | DE0007507501 |
| WKN: | 750750 |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart |
| End of News | DGAP News-Service |
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| 791 20.09.2005 |