Directors’ Dealings | 22 January 2007 12:02
DGAP-DD: ARQUES Industries AG
english
Notification concerning transactions by persons performing managerial
responsibilities pursuant to section 15a of the WpHG
Directors’ Dealings notification transmitted by DGAP – a company of EquityStory AG.
The person with duty of notification is solely responsible for the content of this announcement.
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Details of the person subject to the disclosure requirement
Last name: Löw
First name: Dr. Dr. Peter
Company: ARQUES Industries AG
Function: Member of a managing body
Information about the transaction with duty of notification
Description of the financial instrument: Inhaberstückaktie
ISIN/WKN of the financial instrument: DE0005156004
Type of transaction: Verkauf
Date: 18.01.2007
Price: 14.40
Currency: EUR
No. of items: 1850000
Total amount traded: 26640000
Place: over the counter
Explanation for publication:
Press release ARQUES Industries AG as of January 22, 2007
ARQUES free float increases to more than 85%
-Executive board reduces share ownership from 22.8% to 14.7%
-Shares sold OTC to institutional investors
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.
Information about the company with duty of publication
Issuer: ARQUES Industries AG
Münchner Str. 15a
82319 Starnberg
Deutschland
ISIN: DE0005156004
WKN: 515600
Index: SDAX
End of Director’s Dealings Notification (c)DGAP 22.01.2007
The registration of this notification was carried out on http://www.dd-meldung.de or http://www.directors-dealings.de
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