Corporate | 13 September 2011 07:00
artnet AG / Key word(s): Miscellaneous/Miscellaneous
13.09.2011 / 07:00
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artnet AG implements conversion to registered shares
Berlin/Paris/New York, September 13, 2011 - artnet AG, the international
transaction and information platform for the art market, hereby announces
that the conversion of bearer shares into registered shares as approved by
the Annual General Meeting of shareholders on July 13, 2011, will now be
implemented.
On September 26, 2011, the 5,631,067 ordinary shares of the company will be
traded on the stock exchanges as registered shares for the first time. The
conversion also effects a change in ISIN and WKN. The registered shares
will have the ISIN DE000A1K0375 (currently: DE0006909500) and the WKN
A1K037 (currently: 690950). The ticker symbol will change from AYD to ART.
Shareholders will be informed in more detail by their depositary banks
about the upcoming conversion of the bearer shares and the further
particulars regarding the entry in the share register.
The conversion into registered shares will neither affect the shareholder
structure, nor the shareholders' rights nor the transferability of the
shares. The shares can still be bought and sold without any restrictions.
Also, the conversion will not impose any additional costs on the
shareholders.
Registered shares are a means to facilitate a direct and transparent
communication with shareholders. Based on the entries in the share register
the company can target its shareholders and inform them about the
developments at artnet AG more easily. Moreover, the conversion to
registered shares will yield sustainable long-term cost-savings, e. g.
through the direct mailing of the invitations to the annual general meeting
to the shareholders.
About artnet
artnet is the international transaction platform for the art market with an
integrated information offering. artnet Auctions allows rapid transactions
at little cost, the artnet Price Database offers objective price
information and artnet Galleries provides a global market overview.
In its 20-year existence, B2B company artnet has also opened up to the B2C
business, while it further operates a qualified C2C business on artnet
Auctions. This dynamic forms its own cycle. The artnet information services
lend artnet Auctions a knowledge advantage. The auction players are
potential new buyers in artnet Galleries as well as potential new
subscribers to other artnet products. And on artnet Auctions, art
collectors can not only buy, they can also sell.
Both among experts and for private collectors, artnet is thus synonymous
with efficient
www.artnet.com | www.artnet.de | www.artnet.fr
artnet AG, Oranienstraße 164, 10969 Berlin - E-Mail IR@artnet.com - Tel.
+49 (30)20917820
ISIN DE0006909500, WKN 690950, AYD
End of Corporate News
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Language: English
Company: artnet AG
Oranienstraße 164
10969 Berlin
Germany
Phone: +49 (0)30 20 91 78 -0
Fax: +49 (0)30 20 91 78 -29
E-mail: info@artnet.de
Internet: www.artnet.de
ISIN: DE0006909500
WKN: 690950
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Stuttgart
End of News DGAP News-Service
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