Peach Property Group AG announces block trade of shares
- Existing and new shareholders acquire shares by way of a block trade
- Transaction carried out at prevailing market price
Zurich, 20 June 2014 – Peach Property Group AG, a leading property investor and developer of high-quality residential real estate, today announced a change in its shareholder structure. In an institutional transaction, a total of 600,000 shares representing around 12 percent of the company’s share capital were sold by way of a block trade. In addition to a member of the Board of Directors, existing and new shareholders of Peach Property Group AG also acquired substantial amounts of shares at the prevailing market price. Oliver Wolfensberger reduced his share to just over five percent of the share capital. He did not hold a director’s or management position at Peach Property Group in recent years.
Thomas Wolfensberger, CEO of Peach Property Group, commented: “I am delighted about the trust in the company expressed by the existing and new shareholders who took over shares by way of this block trade. Personally, I am convinced that Peach Property Group can offer its shareholders good prospects and I will do my very best to further develop the company both as an entrepreneur and a shareholder in the coming years.”
Contacts:
Media, investors and analysts
Dr. Thomas Wolfensberger, Chief Executive Officer and Dr. Marcel Kucher, Chief Financial Officer
+41 44 485 50 00 | investors@peachproperty.com
Media Germany
edicto GmbH, Axel Mühlhaus
+49 (0) 69 90 55 05 52 | amuehlhaus@edicto.de
About Peach Property Group AG
Peach Property Group AG is a property investor and developer focused on investments in Switzerland and Germany. The portfolio includes an increasing number of investment properties that are designed to generate sustained income as well as attractive residential development properties.
The Group’s activities cover the entire value chain, from site evaluation to project planning, implementation and marketing. In the investment segment, the Group is focused on properties with a potential for achieving attractive yields based on active asset management – typically secondary locations in the catchment area of urban agglomerations. In the development segment, the Group concentrates on exceptional locations and properties with high-end specifications and amenities that meet the requirements of a demanding clientele.
Peach Property Group AG is headquartered in Zurich and also has a branch office in Cologne. Peach Property Group AG is listed on SIX Swiss Exchange (PEAN, ISIN CH0118530366).
For more information, see www.peachproperty.com