publity AG: CEO Olek has increased stake to over 74 percent
Frankfurt, 23/07/2019 – The CEO of publity AG (Scale, ISIN DE0006972508), Thomas Olek, has further increased his stake in the company over the past weeks by acquiring shares. Thomas Olek now holds more than 74 percent of the company indirectly through TO-Holding GmbH and TO Holding 2 GmbH. Including the dividend for the fiscal year 2018, which Olek has received in publity shares, he has invested around 95 million euros at market prices in publity shares over the past 10 months. He currently holds shares worth around 260 million euros. Olek has declared to the company that he plans on further share purchases in the future; in order to ensure continued liquid stock exchange trading, however, the free float should amount to at least 20 percent in the medium term.
Thomas Olek, CEO of publity AG: “I purchase publity shares because I consider the current valuation to be favourable and I am convinced of the outlook for our company. At the same time, my co-shareholders know in this way that we have aligned interests and that I, as Chairman of the Board of Directors with a high stake in publity, always pursue a sustainable increase in the value of the company in my actions.“
Finanzpresse und Investor Relations:
Axel Mühlhaus/ Peggy Kropmanns
Phone: +49 69 905505-52
publity AG (“publity”) is an asset manager and investor specialised in office real estate in Germany. The company covers the core of the value chain from the acquisition to the development and the sale of real estate. With over 1,100 transactions in the past seven years, publity is one of the most active players in the real estate market. Currently, the company manages a portfolio with a value of over five billion euros. publity is characterized by a sustainable network in the real estate industry and in the Work-Out departments of financial institutions. With very good access to investment funds, publity handles transactions rapidly with a highly efficient process and proven partners. On a case-by-case basis, publity participates as co-investor in joint venture transactions to a limited extent. The shares of publity AG (ISIN DE0006972508) are traded on the Scale segment of Deutsche Börse.
publity AG_CEO Olek has increased stake to over 74 percent