Ad-hoc | 28 December 2020 14:48

publity AG: Thomas Olek resigns as CEO and takes on consultancy role for the Group

publity AG / Key word(s): Personnel
publity AG: Thomas Olek resigns as CEO and takes on consultancy role for the Group

28-Dec-2020 / 14:48 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Publication of inside information pursuant to Article 17 of the Regulation (EU)

THE INFORMATION CONTAINED IN THIS DOCUMENT IS NOT INTENDED FOR PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, TO, WITHIN OR FROM THE UNITED STATES OF AMERICA OR ANY OTHER COUNTRY WHERE SUCH PUBLICATION OR DISTRIBUTION WOULD BE CONTRARY TO THE LAWS OF THAT COUNTRY.

publity AG: Thomas Olek resigns as CEO and takes on consultancy role for the Group

– Olek will focus on big-data real estate analysis for the Group as a consultant – Resignation of position on Executive Board as of 31.12.2020

– Position as long-term majority shareholder and existing lock-up agreements remain unaffected – further expansion of participation targeted

Frankfurt/Main, 28.12.2020 – The CEO of publity AG (“publity”, ISIN DE0006972508), Thomas Olek, informed the Supervisory Board of publity today that he wishes to terminate his position on the Executive Board of publity as of 31 December 2020. The Supervisory Board has accepted Olek’s request with the best mutual understanding and expresses its thanks to him for the work he has done in the past. Beginning in 2021, Olek will continue as a consultant to the entire Group in the areas of big data real estate analysis and internationalisation, which have been identified as key success factors for the further development of publity and its Group companies. Olek therefore also informed the Supervisory Board that the talks with the Supervisory Board of publity’s subsidiary PREOS Global Office Real Estate & Technology AG (“PREOS”) about taking over a position on the Executive Board of PREOS have been postponed. Olek reiterated to the Supervisory Board of publity that he intends to remain a majority shareholder of publity in the long term and to further expand his shareholding depending on the share price. The existing lock-up agreements shall also remain unaffected by the change.

The publity board will therefore consist of the current board members Frank Schneider and Stephan Kunath.

Information and Explanation of the Issuer to this News:

EXPLANATORY PART

Thomas Olek: ‘I have built publity over the past two decades with a strong team and made it one of the leading players in the German office real estate market. Now – accelerated by the COVID-19 pandemic – we are facing major upheavals in our industry. Digitalisation, Big Data real estate analysis and, last but not least, international positioning will be decisive factors in determining which companies will play a leading role in the global real estate industry in the coming decades. publity is already excellently positioned in this regard and I would like to use my energy and expertise to ensure that we consolidate and expand this leading position. Our strong Executive Board and our outstanding team make it possible for me to dedicate myself completely to this area as a consultant in the future, which will help make publity even more successful. As a majority shareholder, I have an undiminished interest in this.

Hans-Jürgen Klumpp, Chairman of the Supervisory Board of publity AG: ‘In recent years, Thomas Olek has been a decisive figure in the success of publity. For this he deserves our gratitude. It speaks for his entrepreneurial perspective that he is now ready to fully focus on digitalisation and Big – Data real estate analysis as a consultant at publity – because these will be game changers for the real estate industry of the future.

Press Contact:

edicto GmbH
Axel Mühlhaus
Eschersheimer Landstraße 42
60322 Frankfurt am Main
Phone +49(0) 69/905505-52
Mail publity@edicto.de

28-Dec-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language:	English
Company:	publity AG
	Opernturm, Bockenheimer Landstraße 2-4
	60306 Frankfurt am Main
	Germany
Phone:	0341 26178710
Fax:	0341 2617832
E-mail:	info@publity.de
Internet:	www.publity.de
ISIN:	DE0006972508, DE000A169GM5
WKN:	697250, A169GM
Indices:	Scale 30
Listed:	Regulated Unofficial Market in Dusseldorf, Frankfurt (Scale), Hamburg, Stuttgart, Tradegate Exchange
EQS News ID:	1157619

End of Announcement DGAP News Service