DGAP-News: ADC African Development Corporation GmbH & Co. KGaA / Key word(s): IPO ADC African Development Corporation moves to Prime Standard on 27 May 2011 23.05.2011 / 19:21 --------------------------------------------------------------------- The shares of ADC African Development Corporation (ADC), ISIN DE000A1E8NW9, a rapidly growing financial services group focusing on the frontier markets of sub-Saharan Africa (SSA), are anticipated to be listed in the Prime Standard segment of the Frankfurt Stock Exchange beginning on 27 May 2011. Up until now, ADC's shares have been traded in the Open Market/Entry Standard. Approval of the corresponding prospectus for admission to trading has been received from the German Federal Financial Supervisory Authority (BaFin). On that basis, 4,000,000 shares of class ISIN DE000A1E8NW9 are expected to be included in trading in the Prime Standard of the Frankfurt Stock Exchange. The 3,646,150 shares of class ISIN DE000A1E8HU5 that preceded the IPO, which have so far not been tradeable, will also be listed in the Prime Standard starting as of that date. This class of shares is being consolidated with the tradeable class ISIN DE000A1E8NW9 such that, after consolidation, all 7,646,150 shares of ADC will be included in trading in the Prime Standard of the Frankfurt Stock Exchange. At a current price of around EUR 9, ADC's market capitalisation presently amounts to about EUR 70 million, with a free float of approximately EUR 51 million. 'By being listed in the Prime Standard, we shall be subject to the highest German transparency requirements in future,' notes Olaf Meier, Managing Director of ADC African Development Corporation. 'Particularly for investments in Africa, this is an important advantage for our investors. With ADC, they get German transparency and corporate governance, particularly in the form of ad hoc announcements, disclosure of directors' dealings and quarterly reports in German and English, while at the same time participating in the above-average growth and great opportunities afforded by the frontier markets of sub-Saharan Africa.' ++ About ADC ADC African Development Corporation, ISIN DE000A1E8NW9 (ticker symbol: AZC.GR), was established in September 2007 and quickly positioned itself as one of the leading investors for banks and insurance companies in the above-average growth markets of Sub-Saharan Africa. The company's success is primarily due to its local management team, which follows international best practice principles to further develop banks and implements conventional international processes to increase their profitability. As the second international emerging market investor in the world, ADC was integrated into the insurance solution offered by the Multilateral Investment Guarantee Agency ('MIGA'), a member of the World Bank Group, primarily due to its strong operational approach and adherence to the highest ethical standards. This insurance offers protection against a variety of political risks, in particular the risk of radical political change. Contact: Olaf Meier Member of the Board investor-relations@african-development.com T +49 69. 719 12 80 123 End of Corporate News --------------------------------------------------------------------- 23.05.2011 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: ADC African Development Corporation GmbH & Co. KGaA Grüneburgweg 18 60322 Frankfurt/Main Deutschland Phone: +49 69 719 12 80 00 Fax: +49 69 719 12 80 011 E-mail: info@african-development.com Internet: www.african-development.com ISIN: DE000A1E8NW9 WKN: A1E8NW Listed: Freiverkehr in Berlin; Open Market (Entry Standard) in Frankfurt End of News DGAP News-Service --------------------------------------------------------------------- 125855 23.05.2011
DGAP-News: ADC African Development Corporation moves to Prime Standard on 27 May 2011
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