TLG IMMOBILIEN AG / Key word(s): Real Estate/Miscellaneous
Deutsche Börse unexpectedly admits TLG IMMOBILIEN to SDAX
Berlin, 24 February 2015 - On 19 February 2015, Deutsche Börse resolved unexpectedly to admit TLG IMMOBILIEN AG to the SDAX today, 24 February 2015. This selection index comprises 50 companies which rank below the companies in the MDAX, which operate in classic sectors and which fulfil the selection criteria defined by Deutsche Börse. Furthermore, these companies must be listed in the Prime Standard segment of the Frankfurt Stock Exchange and must have a minimum free float of 10%. Moreover, the shares must be traded continuously on the Xetra platform. The stocks that fulfil these requirements are selected for the index on the basis of two size criteria: market capitalisation based on free float and trading volume.
"The fact that the TLG IMMOBILIEN share has unexpectedly been admitted to one of Deutsche Börse's selection indices only some four months after its IPO sends an important signal to the capital market. The admission to the index demonstrates that the Company not only fulfils the Prime Standard's high standards of transparency, but also that the Company's market capitalisation and liquidity fulfil institutional investors' criteria for larger equity investments. Furthermore, the SDAX listing raises the Company's profile among the capital market investors it targets", said Peter Finkbeiner, member of TLG IMMOBILIEN AG's Management Board. Following the Company's successful IPO in October 2014, its admission to the SDAX marks yet another important milestone in the Company's development. This clearly demonstrates that the comprehensive transformation and repositioning measures taken in the lead-up to the IPO have paid off.
The admission to a prestigious selection index also improves TLG IMMOBILIEN's chances of financing additional growth through the capital market. "In the past few months since our IPO we have shown that we are in a position to continuously improve the quality and size of our core portfolio through value-enhancing acquisitions and investments in our portfolio. And we intend to remain on this path going forward", Finkbeiner continued.
About TLG IMMOBILIEN AG
2015-02-24 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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|Company:||TLG IMMOBILIEN AG|
|Phone:||030 - 2470 - 50|
|Fax:||030 - 2470 - 7337|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart|
|End of News||DGAP News-Service|