Ad hoc release: hotel.de resolves upon change of listing segment from General Standard to Entry Standard
Nuremberg, 24 June 2011 – The management board of hotel.de AG, with approval from the supervisory board, has resolved to apply to switch from the General Standard of the Regulated Market to the Entry Standard (Open Market) of the Frankfurt Stock Exchange. However, hotel.de AG will keep up its current level of transparency and reporting even after the changeover to the Entry Standard and maintain its regular communication with the capital markets, including the publication of quarterly reports.
Taking into account the size of the company and the trading volume of its shares, the management board and the supervisory board hold it, that a listing on the open Market is most suitable for the company. It is the company’s opinion that the Entry Standard is the ideal listing segment to establish a reasonable cost-benefit-ratio for the listing with respect to the company’s market capitalization and the legitimate transparency requirements of our shareholders.
Today, the company has also submitted the application for revocation of the admission to the Regulated Market to Deutsche Börse AG. After the deadline for the execution of the cancellation has passed the trading of shares of hotel.de AG will continue in the Entry Standard of the Frankfurt Stock Exchange. The Entry Standard is subject to the regulations of the Frankfurt Stock Exchange. The company will also keep its shares traded via XETRA, backed up by the support of a designated sponsor as a liquidity provider.
About hotel.de AG
hotel.de AG operates a global hotel reservation service for companies and private customers at its www.hotel.de and www.hotel.info addresses. Available in 37 languages, these websites enable customers to book accommodation at more than 210,000 hotels in all categories easily, quickly and at optimal prices. More than 4 million private and business customers from all around the world now place their trust in this service to book hotels. When selecting their hotel they can refer to more than 1.5 million personal hotel evaluations. Well-known companies such as BASF, SAP AG, Texas Instruments , Ernst & Young AG and many more use hotel.de’s corporate application to book hotels for business travel.
Based in Nuremberg, hotel.de AG also has a branch in Hamm (Westphalia) and sales offices in the UK (London), France (Paris), Spain (Barcelona), Italy (Rome), China (Shanghai) and Singapore. The company was founded in 2001 and was publicly listed in October 2006. In 2010, the company mediated reservation volumes in excess of Euro 390 million.
Tel: +49 (0)911 59832-0
Fax: +49 (0)911 59832-11