Kinowelt Medien AG
Kinowelt Medien AG english
Kinowelt Medien AG applies for transfer to Regulated Market
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Kinowelt Medien AG applies for transfer to Regulated Market
as from 25 February 2002
Munich, 28 January 2002: Kinowelt Medien AG has applied to Deutsche Börse AG to
suspend the listing of its shares on the Neuer Markt as from 22 February 2002
and transfer this to the Regulated Market as from 25 February 2002.
Against the background of the present situation on the capital markets and the
current position of the company, the Executive Board of Kinowelt Medien AG and
the provisional insolvency administrator, Dr. Wolfgang Ott, decided on this
change of segment.
The transfer will lead to considerable cost savings related to the company’s
listing on the Neuer Markt. Compared to the Regulated Market, the Neuer Markt
involves considerably higher costs, for example as a result of the wide-ranging
compulsory disclosures, the need for two Designated Sponsors and the special
information requirements made by the Neuer Markt.
For these reasons, the Regulated Market is regarded as the more suitable segment
for Kinowelt Medien AG shares at present. Tradability of the shares is
unaffected by the transfer. The security code number (WKN) 628590 will apply
also for the Regulated Market.
Enquiries to:
Kinowelt Medien AG
Corporate Communications & Investor Relations
Tel.: + 49 89-30 796 7270
Fax: + 49 89-30 796 7330
e-mail: presse@kinowelt.de
http://www.kinowelt-medien-ag.de
end of ad-hoc-announcement (c)DGAP 28.01.2002
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WKN: 628590; ISIN: DE0006285901; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München, Stuttgart
282040 Jän 02
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