hotel.de AG / Key word(s): Strategic Company Decision
24.06.2011 12:23
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Nuremberg, 24 June 2011 - The management board of hotel.de AG, with
approval from the supervisory board, has resolved to apply to switch from
the General Standard of the Regulated Market to the Entry Standard (Open
Market) of the Frankfurt Stock Exchange. However, hotel.de AG will keep up
its current level of transparency and reporting even after the changeover
to the Entry Standard and maintain its regular communication with the
capital markets, including the publication of quarterly reports.
Taking into account the size of the company and the trading volume of its
shares, the management board and the supervisory board hold it, that a
listing on the open Market is most suitable for the company. It is the
company's opinion that the Entry Standard is the ideal listing segment to
establish a reasonable cost-benefit-ratio for the listing with respect to
the company's market capitalization and the legitimate transparency
requirements of our shareholders.
Today, the company has also submitted the application for revocation of the
admission to the Regulated Market to Deutsche Börse AG. After the deadline
for the execution of the cancellation has passed the trading of shares of
hotel.de AG will continue in the Entry Standard of the Frankfurt Stock
Exchange. The Entry Standard is subject to the regulations of the Frankfurt
Stock Exchange. The company will also keep its shares traded via XETRA,
backed up by the support of a designated sponsor as a liquidity provider.
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Information and Explaination of the Issuer to this News:
About hotel.de AG
hotel.de AG operates a global hotel reservation service for companies and
private customers at its www.hotel.de and www.hotel.info addresses.
Available in 37 languages, these websites enable customers to book
accommodation at more than 210,000 hotels in all categories easily, quickly
and at optimal prices. More than 4 million private and business customers
from all around the world now place their trust in this service to book
hotels. When selecting their hotel they can refer to more than 1.5 million
personal hotel evaluations. Well-known companies such as BASF, SAP AG,
Texas Instruments , Ernst & Young AG and many more use hotel.de's corporate
application to book hotels for business travel.
Based in Nuremberg, hotel.de AG also has a branch in Hamm (Westphalia) and
sales offices in the UK (London), France (Paris), Spain (Barcelona), Italy
(Rome), China (Shanghai) and Singapore. The company was founded in 2001 and
was publicly listed in October 2006. In 2010, the company mediated
reservation volumes in excess of Euro 390 million.
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Press contact:
hotel.de AG
Aleksander Szumilas
Hugo-Junkers-Str. 15-17
90411 Nuremberg
Tel: +49 (0)911 59832-0
Fax: +49 (0)911 59832-11
E-mail: presse@hotel.de
www.hotel.de
Haubrok Investor Relations GmbH & Co. KG
Dorothea Schneider
Tel: +49 (0)89 21027-520
Fax: +49 (0)89 21027-598
E-mail: D.Schneider@haubrok.de
www.haubrok.de
24.06.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: hotel.de AG
Hugo-Junkers-Str. 15-17
90411 Nürnberg
Deutschland
Phone: +49 (0)911 59832 2600
Fax: +49 (0)911 5983 211
E-mail: szumilas@hotel.de
Internet: www.hotel.de
ISIN: DE0006910938
WKN: 691093
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Düsseldorf, München, Stuttgart
End of Announcement DGAP News-Service
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DGAP-Adhoc: hotel.de AG: hotel.de resolves upon change of listing segment from General Standard to Entry Standard
| Source: EQS Group AG