DGAP-News: ADO Properties S.A.
/ Key word(s): Miscellaneous
ADO Properties notes statements from rating agencies
We thank both S&P and Moody's for their prompt response to our announcement.
The combined entity will adopt best in class corporate governance with the creation of a Tier 1 Board comprising ten members, of which five will be fully independent, including the Chairman who will retain the casting vote.
The new, larger entity will also benefit from enhanced liquidity and post the combination no single shareholder will control the company and there will be a free float of at least 80%.
+44 (0) 207 251 3801
Peter Dietze-Felberg, Senior Consultant
Direct Line: +49 (0) 30 28 44 987 62
Switch Board: +49 (0) 30 28 44 987 3
Mobile: +49 (0) 151 27616562
18.12.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Company:||ADO Properties S.A.|
|Phone:||+352 278 456 710|
|Fax:||+352 203 015 00|
|Indices:||SDAX, FTSE EPRA/NAREIT Global Index, FTSE EPRA/NAREIT Developed Europe Index, FTSE EPRA/NAREIT Germany Index|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; London, Luxembourg Stock Exchange, SIX|
|EQS News ID:||939123|
|End of News||DGAP News Service|