DGAP-News: GAGFAH S.A. / Key word(s): Miscellaneous
GAGFAH S.A.: Voluntary Commitment to publish dealings of the
Management Board of GAGFAH Holding GmbH
04.04.2014 / 17:53
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Press Release: April 04, 2014
GAGFAH S.A.
2-4, rue Beck
L-1222 Luxembourg
ISIN: LU0269583422
Frankfurt Stock Exchange (Ticker Symbol: GFJ)
Regulated Market (Prime Standard)
Voluntary Commitment to publish dealings of the Management Board of GAGFAH
Holding GmbH
- The CFO of the GAGFAH GROUP, Mr. Gerald Klinck acquired 15,000 shares
of GAGFAH S.A. (ISIN: LU0269583422) on March 31 and April 4, 2014, and
now owns a total of 15,000 shares of GAGFAH S.A.
- The COO of the GAGFAH GROUP, Mr. Nicolai Kuss, acquired 3,790 shares of
GAGFAH S.A. (ISIN: LU0269583422) on April 1, 2014, and now owns a total
of 50,000 shares of GAGFAH S.A.
- The dealings of CEO Thomas Zinnöcker are covered by Directors' Dealings
as he is also a member of the Board of Directors. As announced on April
2, Mr. Zinnöcker purchased 18,000 shares of GAGFAH S.A. on April 1.
GAGFAH Holding GmbH, Essen, Germany, is the parent company of GAGFAH S.A.'s
subsidiaries operating in the housing industry. GAGFAH Holding GmbH is led
by the senior management (CEO, CFO and COO of the GAGFAH GROUP).
While those members of the management board of GAGFAH Holding GmbH who are
not simultaneously discharging managerial responsibilities at GAGFAH S.A.
are not subject to Section 15a of the German Securities Trading Act
(Wertpapierhandelsgesetz - WpHG) (Directors ' Dealings), GAGFAH S.A., in
the interest of creating additional transparency, has decided together with
the members of the management board of GAGFAH Holding GmbH to publish any
dealings of the management board members in GAGFAH S.A.'s own shares and
any financial instruments related to these shares, in particular
derivatives. Dealings of persons who have a close relationship with these
management board members will not be published.
The members of the management board of GAGFAH Holding GmbH are required to
notify such dealings to GAGFAH S.A. within five business days. GAGFAH S.A.
will then publish such notification on its website at www.gagfah.com -
Investor Relations - Financial News - Management Dealings. There is,
however, no notification requirement if the total sum of all transactions
is below 5,000 euros by the end of the calendar year.
Members of the management board of GAGFAH Holding GmbH who are
simultaneously discharching managerial responsibilities at GAGFAH S.A. fall
within the scope of § 15a WpHG (Directors' Dealings). Dealings of these
management board members and persons who have a close relationship with
these persons fall within the scope of § 15a WpHG and are therefore
published continuously on the website of GAGFAH S.A. under "Directors'
Dealings". Currently, this applies to the CEO of the GAGFAH GROUP, Mr.
Thomas Zinnöcker, who is simultaneously a member of the Board of Directors
of GAGFAH S.A.
The CFO of the GAGFAH GROUP, Mr. Gerald Klinck acquired 15,000 shares of
GAGFAH S.A. (ISIN: LU0269583422) on March 31 and April 4, 2014, and now
owns a total of 15,000 shares of GAGFAH S.A. The COO of the GAGFAH GROUP,
Mr. Nicolai Kuss, acquired 3,790 shares of GAGFAH S.A. (ISIN: LU0269583422)
on April 1, 2014, and now owns a total of 50,000 shares of GAGFAH S.A.
Contact
GAGFAH S.A.
Investor Relations
2-4, rue Beck
L-1222 Luxembourg
Tel.: +352 266 366 21
Mail: info@gagfah.com
www.gagfah.com
R.C.S. Luxembourg B 109.526
About GAGFAH S.A.
GAGFAH S.A. is a joint stock corporation organized under the laws of the
Grand Duchy of Luxembourg qualifying as a securitization company under the
Luxembourg Securitization Law of March 22, 2004. The core business of
GAGFAH S.A.'s operating subsidiaries is the ownership and management of a
residential property portfolio located in Germany.
GAGFAH is a leading owner and operator of residential real estate in
Germany. Our portfolio includes about 143,000 own residential units that
are mostly located in the large German cities and their respective commuter
belts. We believe that our size, our significant presence in the key
residential markets and our scalable operating platform make us one of the
leading providers of affordable housing for low- to medium income
households in Germany. Our operating subsidiaries are full-scale service
providers for a broad range of property and facility management services.
Our objective is to generate shareholder value through sustainable and
growing cash flows, increasing net asset value and sustainable dividends by
efficiently managing our portfolio, carrying out value-enhancing property
investments, pursuing accretive growth opportunities, and realizing value
through selected asset sales.
End of Corporate News
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04.04.2014 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: GAGFAH S.A.
2-4, rue Beck
1222 Luxemburg
Grand Duchy of Luxembourg
Phone: + 352 266 366 1
Fax: + 352 266 366 01
E-mail: info@gagfah.com
Internet: www.gagfah.com
ISIN: LU0269583422, LU0269583422
WKN: A0LBDT
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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DGAP-News: GAGFAH S.A.: Voluntary Commitment to publish dealings of the Management Board of GAGFAH Holding GmbH
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