EANS-Adhoc: GSW Immobilien AG /
ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.
05.05.2010
GSW Immobilien AG decides to postpone planned IPO
Berlin, May 5, 2010 - GSW Immobilien AG ("GSW") has decided to
postpone its planned initial public offering. Since announcing its
intention to float there has been significantly increased
volatility and uncertainty in global equity markets. Recent
macroeconomic developments unrelated to GSW have resulted in a
siginificant deterioration of the capital market environment.After reviewing market conditions, the GSW´s management and the selling shareholders have decided to postpone the planned offering.
Media Relations: GSW Immobilien AG Thomas Rücker Charlottenstrasse 4, 10969 Berlin, Germany Tel.: +49. (0)30. 25 34-13 32 Fax: +49. (0)30. 25 34-19 34
E-mail: thomas.ruecker@gsw.de
Disclaimer
This release does not contain or constitute an offer of, or the solicitation of
an offer to buy or subscribe for, securities to any person in Australia, Canada, Japan, or the United States or in any jurisdiction to whom or in which such offer or solicitation is unlawful. The securities referred to herein may not be offered or sold in the United States absent registration under the U.S. Securities Act of 1933, as amended (the "Securities Act") or another exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. Subject to certain exceptions, the securities referred to herein may not be offered or sold in Australia, Canada or Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada or Japan. The offer and sale of the securities referred to herein has not been and will not be registered under the Securities Act or under the applicable securities laws of Australia, Canada or Japan. There will be no public offer of the securities in the United States.
end of announcement euro adhoc
Further inquiry note:
Sebastian Jacob
Tel.: +49 30 25 34- 18 82
E-Mail: sebastian.jacob@gsw.de
Branche: Real Estate
ISIN: DE000GSW1111
WKN: GSW111
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / regulated dealing