Allianz Lebensversicherungs-AG
Allianz Lebensversicherungs-AG
Corporate-news announcement sent by DGAP.
The sender is solely responsible for the contents of this announcement.
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Allianz Leben focuses on Stuttgart Stock Exchange
Higher trading volume expected at home stock exchange / Benefit for shareholders
through higher liquidity at trading center / Listing at other stock exchanges
is cancelled
Allianz Lebensversicherungs-AG has decided to concentrate on a single stock
exchange: in future, the shares of the biggest German life insurer will be
listed exclusively on the Stuttgart stock exchange – the location of the
company’s head office. The share is traded most by far on the Stuttgart trad-ing
floor. Around 85 percent of all transactions in Allianz Leben securities during
the past six months were traded here. The German market leader in private and
company retirement provision expects that the trading volume will continue to
rise at the home stock exchange. “Allianz Leben will then achieve a higher
market liquidity for shareholders. The efficiency of pricing for the share will
be significantly increased because supply and demand will soon only come
together at one stock exchange,” explains Chief Financial Officer Maximilian
Zimmerer. This means that Allianz Lebensversicherungs-AG is now implementing a
proposal put forward by the shareholders at the Annual General Meeting in April.
With a market capitalization of 3.3 billion euros, Allianz Lebensversicherungs-
AG is ranked number five among the insurance securities traded on German stock
exchanges. Allianz AG is the main shareholder. It holds 91.03 percent of the
capital in Allianz Lebensversicherungs AG through Jota Vermögens-
verwaltungsgesellschaft mbH. 8.97 percent of the share capital is held in free
float. The 10.5 million shares are registered in the names of the holders, which
number around 10,000.
These assessments are, as always, subject to the disclaimer provided below.
Cautionary Note Regarding Forward-Looking Statements
Certain of the statements contained herein may be statements of future ex-
pectations and other forward-looking statements that are based on management’s
current views and assumptions and involve known and unknown risks and
uncertainties that could cause actual results, performance or events to differ
materially from those expressed or implied in such statements. In addition to
statements which are forward-looking by reason of context, the words ‘may, will,
should, expects, plans, intends, anticipates, believes, estimates, predicts,
potential, or continue’ and similar expressions identify forward-looking
statements. Actual results, performance or events may differ materi-ally from
those in such statements due to, without limitation, (i) general
eco-nomic conditions, including in particular economic conditions in the Allianz
Group’s core business and core markets, (ii) performance of financial mar-kets,
including emerging markets, (iii) the frequency and severity of insured loss
events, (iv) mortality and morbidity levels and trends, (v) persistency levels,
(vi) the extent of credit defaults (vii) interest rate levels, (viii) currency
exchange rates including the Euro-U.S. dollar exchange rate, (ix) changing
levels of competition, (x) changes in laws and regulations, including monetary
convergence and the European Monetary Union, (xi) changes in the policies of
central banks and/or foreign governments, (xii) the impact of acquisitions,
including related integration issues, (xiii) reorganization measures and (xiv)
general competitive factors, in each case on a local, regional, national and/or
global basis. Many of these factors may be more likely to occur, or more pro-
nounced, as a result of terrorist activities and their consequences. The mat-
ters discussed herein may also involve risks and uncertainties described from
time to time in Allianz AG’s filings with the U.S. Securities and Exchange
Commission. The company assumes no obligation to update any forward-looking
statement.
No duty to update
The company assumes no obligation to update any information contained herein.
end of message, (c)DGAP 25.05.2004
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WKN: 840300; ISIN: DE0008403007; Index:
Listed: Amtlicher Markt in Berlin-Bremen, Düsseldorf, Frankfurt (General
Standard), Hamburg, München und Stuttgart; Freiverkehr in Hannover
251250 Mai 04
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