On the 21st February 2019 the Board of Directors of Intershop Holding AG decided to buy back up to 100,000 registered shares with a nominal value of CHF 10 each, by way of a fixed price offer of CHF 515 per share in order to reduce the share capital. The share buyback
offer at a fixed price was valid from 6th March to 19th March 2019, 17:00 hrs (CET).
Yesterday the share buyback was successfully completed. As more shares were offered, the offers were subsequently reduced by 42.36%. At the Annual General Meeting on 4th April 2019 the Board of Directors will propose the cancellation of the purchased 100,000 shares that correspond to 5.00% of voting and capital rights.
Intershop is a real estate company listed on the SIX Swiss Exchange and active in Switzerland, which invests principally in commercial properties. As per 31/12/2018 its portfolio comprised 54 properties with a lettable area of 578,000 m2 and a market value of some 1.3 billion Swiss francs. Intershop invests mainly in the Zurich area, around Lac Leman and along the main traffic arteries. Its portfolio combines high yields with security, thanks to diversification by geography and type of use, with considerable potential for value appreciation in the properties with development potential.
|04/04/2019||Annual General Meeting 2019|
|29/08/2019||Publication of half-year report 2018 with online presentation for media and financial analysts|