CineMedia Film Aktiengesellschaft Geyer-Werke
CineMedia Film AG english
CineMedia Film AG
Ad-hoc-announcement processed and transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
——————————————————————————–
Munich, 28 March 2002 – In connection with the recent death of Professor
Wolfgang Graß, CEO of TaunusFilm Produktions GmbH, CineMedia Film AG has made
application to postpone the presentation of its annual financial statements and
management report for 2001. This extension was granted by Deutsche Börse AG
until 29 April 2002.
The Executive Board and Supervisory Board of CineMedia Film AG have furthermore
resolved to serve notice to Deutsche Börse AG to the effect that CineMedia Film
AG terminates its listing on the Neuer Markt segment to the next possible date
and will enter the regulated market of Frankfurt Stock Exchange. The background
for this decision is the increased concentration of CineMedia Film AG on its
core competence in the CinePostproduction segment and expansion of digital
postproduction.
Dr. Markus Hölzl, CFO of CineMedia Film AG explained: “We are convinced that
the Neuer Markt with its framework conditions no longer offers the ideal stock
market environment that it did at our IPO in February 1999.” The company no
longer sees itself as typical of the Neuer Markt. Raising capital on the Neuer
Markt segment does not seem feasible in the long term. In addition, the amount
of CineMedia Film AG’s market capitalization has caused institutional investors
to shift their focus elsewhere and trading volumes in the company’s stock are
low. The change of trading segment brings considerable cost savings.
Your contact:
CineMedia Film AG Geyer-Werke
Dr Markus Hölzl (CFO)
Orleansstrasse 4a
D-81669 München
Germany
phone +49 (0)89 20607115
markus.hoelzl@cinemedia.de
end of ad-hoc-announcement (c)DGAP 28.03.2002
——————————————————————————–
WKN: 543300; ISIN: DE0005433007; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart
281207 Mär 02
Aktuelle News
Aktuelle Berichte
Anstehende Events
Keine Events gefunden
Webcasts
Keine Webcasts gefunden