Tous Actualités
Suivre
Abonner InCity Immobilien AG

InCity Immobilien AG

InCity management board commits to further share lock-up

Cologne (euro adhoc) -

- Lock-up extended by 36 months 
- Buy-back programme approved by AGM launched
  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
companies
22 December 2008 - InCity Immobilien AG, a
group of companies specialised in the planning and realisation of 
high-quality properties in inner city locations, has decided to 
support the InCity share price and is committed to making a clear 
statement of trust, especially to its long-term investors. "Our share
has performed considerably better than the relevant indexes in the 
past few months. But on the whole, InCity's market capitalisation 
fails to reflect the intrinsic value of the company and its expected 
future development," explains Management Board member André Peto.
Against this backdrop, the InCity management, which holds about 
two-thirds of the shares, has committed to extending the lock-up 
agreement for the coming 36 months, which applies to the majority of 
the shares it holds. In addition to that, the company has started 
selectively buying back shares in line with the share buy-back 
programme approved by the AGM on 8 May 2008. According to that, the 
company is entitled to buy back up to 250,000 shares until 7 November
2009.
André Peto: "The measures we have taken support the long-term 
increase in the value of our company. This is based on the extremely 
dynamic and positive business development the company has seen since 
inception, which also applies to 2008. Despite a downturn in the 
market our business model stood its ground. We are also going to be 
showing this resilience against crisis in 2009."
About InCity Immobilien AG: InCity Immobilien AG specialises in the 
planning and realisation of high-quality property in inner city 
locations. The company develops and markets both residential and 
retail properties using its inhouse expertise to minimise project 
running time and to deliver high value added in the process. InCity 
pools the experience accumulated through about 250 high-quality 
heritage building redevelopment and new building projects for 
discerning self-users and investors. The company creates exclusive, 
high-value space tailored to customers' needs in top locations of 
German metropolitan areas. InCity underlines its corporate 
responsibility towards society and the environment through 
participation in the UN Global Compact, the international initiative 
of the United Nations for the promotion of social and environmental 
principles. Further information: www.incity.ag
end of announcement                               euro adhoc

Further inquiry note:

InCity Immobilien AG
André Peto
Phone: +49 (0) 221 95 27 57 55
a.peto@incity.ag

Investor Relations
Dariusch Manssuri
Phone: +49 (0) 221 91 40 970
dariusch.manssuri@ir-on.com

Branche: Real Estate
ISIN: DE000A0HNF96
WKN: A0HNF9
Börsen: Börse Frankfurt / free trade/entry standard
Börse Berlin / free trade

Plus de actualités: InCity Immobilien AG
Plus de actualités: InCity Immobilien AG
  • 17.10.2008 – 15:58

    InCity Immobilien AG expands its business focus to include retail property

    - Expansion of REIS segment with additional retail properties - Capital commitment of 10 million euro from investors - Significant earnings lift expected from 2009 ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for the content of this announcement. companies Cologne (euro adhoc) - 17 October 2008 - InCity Immobilien AG, a group of ...

  • 09.09.2008 – 16:19

    InCity Immobilien AG and Primus Immobilien AG realise joint project in top Berlin location

    - Building of 35 new residential units directly on the Winterfeldtplatz in Berlin-Schöneberg - Overall sales volume of around 13.5 million EUR - Sales expected to begin in October 2008, completion planned for mid 2010 ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for the content of this announcement. real estate Cologne (euro ...

  • 03.09.2008 – 14:56

    InCity Immobilien AG confirms preliminary figures for the first half of 2008

    - Group of companies achieves sales of 33.6 million EUR - Operating result (EBIT) improved to 5.6 million EUR - Positive outlook for 2008 as a whole confirmed ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for the content of this announcement. companies/figures Cologne (euro adhoc) - 3 September 2008 - InCity Immobilien AG, a group of ...