MAN OIL GROUP AG
Man Oil Group AG – Listing on the Frankfurt Open Market
MAN OIL GROUP AG / Key word(s): IPO Man Oil Group AG – Listing on the Frankfurt Open Market Zug, Switzerland, 13th July, 2011 – Man Oil Group AG is pleased to announce that its stock has been successfully listed on the Open Market of the Frankfurt Stock Exchange this Wednesday July 13th, 2011. The initial opening price was EUR 39.00. In total 1,580,000 shares have been admitted to trading. Equinet Bank AG, based in Frankfurt, is responsible for the active trading of the stock under the new specialist model. 'We are proud to announce our listing on this day. Our listing on the First Quotation Board is an important step in the development of our company and gives us the opportunity for additional growth', states Genadi Man, President of Man Oil Group AG. Man Oil Group AG with its headquarters in Switzerland is a leading provider of technologies for the large-scale treatment of oil sludge and oil contaminated soils with subsequent bioremediation of the waste. Man Oil Group is a pioneer in its industry, as the company guarantees the isolation of up to 95% of the hydrocarbons through the application of a 100% environmentally-friendly treatment method. The retained oil can be reused. The mobile plant as well as the chemical and biological components required for this purpose, have been developed in close collaboration by the specialists of Man Oil Group AG in Switzerland, Russia and the Ukraine. Worldwide, Man Oil Group AG is the only supplier of a technology which can cover the treatment of complex oil sludge including the extraction of hydrocarbons and the bioremediation of waste in one process chain. The earth remaining at the end of this process meets with only 0.04% oil content inter alia highest EU standards. Over the last 2.5 years over 180 people were involved in its successful development. The enormous potential of the company has also been recognized at the 9th Russian Oil & Gas Congress in Moscow where Mr. Man presented the company's' technology. Following the conference Mr. Gennadi Shmal, President of the Russian Oil & Gas Union, mentioned Man Oil Group AG as the only company in an interview with the press and positively highlighted the company's innovative approach. Additional information is available at www.manoilgroup.com Contact:
Man Oil Group AG
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