PUBLITY AG
DGAP-News: publity AG / Key word(s): Annual Results/Strategic Company Decision
Leipzig/ Frankfurt, 12 November 2018 - publity AG ("publity", ISIN: DE0006972508) is taking its reporting and the information content in its communication with the capital markets to a new level. Starting with the financial statements for fiscal year 2018 publity will migrate its accounting from the former HGB accounting standard to IFRS accounting. In addition, for the first time in the company's history, it will also prepare consolidated financial statements. publity is putting these activities in place to meet the demands placed by national and international investors for IFRS consolidated financial statements. Thomas Olek, publity's CEO and majority shareholder: "During the past few months we have future-proofed our company. This included the extensive capital increase to reinforce our equity base and also the expansion of our customer base as well as highly successful property sales and purchases. We are now significantly leveraging the depth of information in our communication with the capital markets with extensive reporting using international standards. About publity AG: publity AG is an asset manager specialising in office real estate in Germany. The company covers a broad value chain from acquisition to development through to sale of the real estate and has a track record of several hundred successful transactions. publity is characterised by a strong network in the real estate industry and in the work out departments of financial institutions, has excellent access to investment funds and handles transactions quickly with a highly efficient process and proven partners. publity participates in joint venture transactions as co-investor on a case-by-case basis to a limited extent. Shares of publity AG (ISIN DE0006972508) are traded on the Scale segment of Deutsche Börse. Press contact: Financial press and investor relations: edicto GmbH Axel Mühlhaus/ Peggy Kropmanns Tel.: +49 69 905505-52 E-mail: publity@edicto.de Disclaimer This publication does not constitute an offer document or an offer to sell or the solicitation of an offer to buy or subscribe for shares of publity AG ("the Company") but is for information purposes only. This publication does not constitute an offer or a solicitation of an offer to purchase or subscribe for securities in the United States of America, Australia, Canada, Japan or any other jurisdiction in which an offer is restricted by law. The securities referred to in this publication may not be sold or offered for sale in the United States of America without prior registration under the U.S. Securities Act of 1933 in its respective applicable version (the "Securities Act"), except in a transaction that is not subject to, or exempt from, the provisions of the Securities Act. Subject to certain exceptions, the securities referred to in this publication may not be offered or sold in Australia, Canada or Japan or to or for the account of Australian, Canadian or Japanese residents or citizens. The offer and sale of the securities referred to in this publication has not been and will not be registered under the Securities Act or the applicable laws of Australia, Canada or Japan; no such registration will take place in future.
12.11.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
| Language: | English |
| Company: | publity AG |
| Landsteinerstr. 6 | |
| 04103 Leipzig | |
| Germany | |
| Phone: | 0341 26178710 |
| Fax: | 0341 2617832 |
| E-mail: | info@publity.de |
| Internet: | www.publity.de |
| ISIN: | DE0006972508, DE000A169GM5 |
| WKN: | 697250, A169GM |
| Indices: | Scale 30 |
| Listed: | Regulated Unofficial Market in Dusseldorf, Frankfurt (Scale), Hamburg, Stuttgart, Tradegate Exchange |
| End of News | DGAP News Service |
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