Corporate | 22 July 2009 00:37
CR Capital Real Estate AG / Miscellaneous
Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.
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CR Capital Real Estate AG is currenty listed in the Open Market (First
Quotation Board), but is aiming for the listing in the Entry Standard in
September 2009. In this process the company will be supported by Close
Brothers Seydler Bank AG. CR Capital Real Estate AG was founded in 2008 and
went public starting from October 2008. CEO Thomas Ehrich:'The listing in
the Entry Standard is a further step going to become a REIT.' Listing in
the EU regulated market and the Prime Standard of Deutsche Börse Group is
planned for 2011.
Already in 2009, CR Capital Real Estate AG will public reports for the
first half and for the first nine month of 2009 (in German and in English
language); in this regard the company will comply with main follow-up
obligations of the Prime Standard already in an early stage.
Information to the company
Berlin based CR Capital Real Estate AG is a listed property company and
owns the status of a Pre-REIT ('Vor-REIT'). The Group manages high quality
residential and commercial properties at top locations in the greater
Berlin area.
Market value of the current property portfolio predominantly located in
Berlin-Grunewald is approx. EUR 16.1 million (rentable area of 4,600 sqm).
Up to year-end 2009 management intends to double the rentable area, this by
further acquisitions of residential and commercial properties complying
with the requirements of the REIT law.
Information to the share
Number of outstanding shares 15,000,000
Share class Bearer/ordinary shares
Listing segment Open Market
Freefloat Approx. 90%
Stock exchange Xetra
ISIN / ticker symbol DE000A0WMQ53 / CRZ:GR
Dividend for business year 2008 EUR 0.10 per share*
Dividend yield 10%**
* Subject to the agreement of the Annual General Meeting 2009 taking place
on August 18, 2009; dividend ex date: August 19, 2009.
** To Xetra closing price on July 21, 2009 (EUR 1.05 per share)
Contact:
bonnIR
Hubert Bonn
Phone: +49 (0)6157 9861190
bonn@bonn-ir.com
http://www.bonn-ir.com
22.07.2009 Financial News transmitted by DGAP
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