Corporate | 7 January 2013 08:00

Weng Fine Art AG develops its activities on capital markets: Share will trade on Xetra from February on

Weng Fine Art AG / Key word(s): Miscellaneous

07.01.2013 / 08:00

Weng Fine Art AG develops its activities on capital markets:
Share will trade on Xetra from February on

From 4 February 2013 Weng Fine Art AG (WFA) shares are no longer only be traded in Frankfurt, but also on 'Xetra', which is the electronic platform of Deutsche Börse. The Designated Sponsoring on Xetra will be taken over by WGZ BANK, who will become the new capital market partner of the art dealership that has been listed in Frankfurt for over a year.

'With the inclusion in Xetra trading, we are responding to the interest from important investors, as well as meeting a requirement for getting WFA shares included in the Entry Standard performance index,' CEO Rüdiger K. Weng explains, and considers the cooperation with WGZ BANK full of confidence: 'We are delighted to have attracted a major bank specializing in German medium-sized companies as a capital market partner, particularly as we are already collaborating with them on the credit side.'

At the end of last year, WFA has also parted with their remaining holdings of shares in Berlin-based Artnet AG. The off-market trade that had already been agreed on within the context of the attempted takeover of Redline Capital Management during summer 2012 has been executed at a price of 5,00-5,50 EUR, which is significantly higher than the current market price of the Artnet share. The payment from this transaction is expected before the end of 2013. At the same time, however, WFA hopes that the operator of the world's leading internet art portal can cope with its current economic problems and will support Artnet, if necessary and appropriate.

With a capital gain of 307 percent since the listing on 2 January 2012, WFA was the strongest performing share on the entire Frankfurt Stock Exchange last year! The presentation 'WFA Highlights 2012' available on the company's website (www.wengfineart.com) gives a first impression of what has been achieved in 2012: a selection of the company's best trades – including works by Andy Warhol, Gerhard Richter and Paul Gauguin – generated an average profit of over 100 percent and illustrates the successful move to the high-priced market segments.

Preliminary figures for the financial year ending 31 January and a detailed explanation of the further growth strategy are expected to be published by WFA in about two months time. .

–

ABOUT WENG FINE ART AG

Weng Fine Art AG (www.wengfineart.com) is one of the fastest-growing, internationally active art traders on the European continent. The company uses a B2B model, focusing on trading more than 500 blue chip artists from the 20th century. Important clients are, beside others, Sotheby's, Christie's and Phillips. The retail market is served by its 100% subsidiary Weng Fine Art Editions GmbH that offers worldwide on various platforms, multiple works of art by some of the most important contemporary artists. Weng Fine Art AG shares are traded on the Frankfurt Stock Exchange (Entry Standard) since 2 January 2012.

–

CONTACT DETAILS

Weng Fine Art AG
Rüdiger K. Weng, Vorstand
Kimplerstrasse 294 | D-47807 Krefeld
Telefon +49(0)2151 93713-0 | Telefax+49(0)2151 93713-29
E-Mail weng@wengfineart.com | Internet www.wengfineart.com

End of Corporate News

07.01.2013 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

Language:	English
Company:	Weng Fine Art AG
	Kimplerstraße 294
	47807 Krefeld
	Germany
Phone:	02151 937130
Fax:	02151 93713-29
E-mail:	art@wengfineart.com
Internet:	www.wengfineart.com
ISIN:	DE0005181606
WKN:	518160
Listed:	Open Market (Entry Standard) in Frankfurt

End of News DGAP News-Service

198334  07.01.2013