German shopping centre investor Deutsche Euroshop said on Tuesday it will carry out a 2-for-1 share split on 6 August 2007. The resolution for the split was approved by shareholders at the annual general meeting on 21 June.
German shopping centre investor Deutsche Euroshop said on Tuesday it will carry out a 2-for-1 share split on 6 August 2007. The resolution for the split was approved by shareholders at the annual general meeting on 21 June.
The number of shares will increase from 17,187,499 to 34,374,998 as a result of the split. The change of quotation will be executed prior to market opening on that day.
Deutsche Euroshop is Germany's only listed company that invests solely in shopping centres. The MDAX-listed company currently has equity interests in 16 European shopping centers in Germany, Austria, Hungary and Poland. The market value of these centres, which are predominantly in city centre locations, amounts to EUR 2.6 bn.
