Chamartin Meermann Immobilien AG
Chamartin Meermann Immobilien AG calls off public offering and considers listing
Chamartin Meermann Immobilien AG / IPO 05.07.2010 20:51 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. --------------------------------------------------------------------------- THE INFORMATION CONTAINED IN THIS DOCUMENT IS NEITHER FOR PUBLICATION NOR CIRCULATION IN OR WITHIN THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA OR JAPAN. Chamartin Meermann Immobilien AG calls off public offering and considers listing Berlin, 5 July 2010 - Chamartin Meermann Immobilien AG (CMI AG) calls off its public offering in Germany and its start of trading in the Prime Standard of Frankfurt Stock Exchange scheduled for Wednesday, 7 July 2010. The decision was made because investor demand for new CMI shares has not met the expectations of the company and the selling shareholders. The company now considers the option of a listing with a capital increase at a later stage. The demand for CMI shares did not reach the intended size, even though investors evaluated the business model largely positive. Reasons for investor restraint were the imponderables connected with the business of real estate developers, which weighed more heavily in the current volatile market environment as well as the scepticism towards initial public offerings at present. CMI AG will continue to develop its existing project pipeline and inform the capital market about the plans regarding the stock market listing and the ongoing business performance. About Chamartín Meermann Immobilien AG: Chamartín Meermann Immobilien AG (CMI AG) is the largest project developer in Berlin. The company operates across the residential, office, commercial and hotel segments and has a project volume of around EUR 600 million. It focuses on creating highly attractive living spaces at premium locations in 'Neue Berlin-Mitte'. Working only to highest of quality standards, the company creates true value for any location as well as its stakeholders by drawing on expertise, creativity and attention to detail. It concentrates on refurbishing exclusive historical buildings, new construction projects in first-class locations and developing city quarters with unique qualities. The independent group emerged from a cooperation with the Spanish real estate group Inmobiliaria Chamartín S.A. and has a wealth of know-how in project development spanning more than 30 years at its disposal. Additional information is available at: www.cmi-ag.de. Contact: Barbara Lipka Head of Communications Chamartín Meermann Immobilien AG Tel.: +49 (0)30 308775 150 Fax: +49 (0)30 308775 199 E-mail: barbara.lipka@cmi-ag.de Dariusch Manssuri IR.on AG Tel.: +49 (0)221 91409 75 E-mail: dariusch.manssuri@ir-on.com The offer described in this announcement does not constitute an offer to buy or subscribe for securities to any person in Australia, Canada, Japan, or the United States or in any jurisdiction to whom or in which such offer or solicitation is unlawful. The securities referred to herein may not be offered or sold in the United States absent registration under the U.S. Securities Act of 1933, as amended (the 'Securities Act') or another exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. Subject to certain exceptions, the securities referred to herein may not be offered or sold in Australia, Canada or Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada or Japan. The offer and sale of the securities referred to herein has not been and will not be registered under the Securities Act or under the applicable securities laws of Australia, Canada or Japan. There will be no public offer of the securities in the United States. This press release only serves advertisement purposes and does not constitute a securities prospectus.Investors should not purchase or subscribe for any shares referred to in this press release except on the basis of the information in the securities prospectus issued by Chamartín Meermann Immobilien AG (the 'Company') in connection with the offering of such shares and approved by the German Financial Supervisory Authority (BaFin). Copies of the prospectus are available free of charge from Chamartín Meermann Immobilien AG (SpreeKarree, Friedrichstraße 136, 10117 Berlin, Germany) or on the Company's website (www.cmi-ag.de). This announcement includes 'forward-looking statements', which are based on evaluations and assumptions made to the best knowledge by the management of Chamartín Meermann Immobilien AG. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors, which may lead to a considerable discrepancy of the earning and profit situation, value development or the results of Chamartín Meermann Immobilien AG from the earning and profit situation, value development or the result, which is expressly and implicitly described in these forward-looking statements. Considering the risks, uncertainties as well as the other factors, recipients of this press release should not inadequately rely on these forward-looking statements. Chamartín Immobilien AG does not take any obligation to currently adjust such forward-looking statements and to adjust them to future events and developments. 05.07.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Chamartin Meermann Immobilien AG Friedrichstr. 136 10117 Berlin Deutschland Phone: +49 (0)30 308 775 305 Fax: +49 (0)30 308 775 399 E-mail: info@cmi-ag.de Internet: www.chamartin.de ISIN: DE000A1EMFF1 WKN: A1EMFF Listed: Regulierter Markt in Frankfurt (Prime Standard) Notierung vorgesehen / intended to be listed End of News DGAP News-Service ---------------------------------------------------------------------------
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