Dexia S.A. (Belgium) has informed us that its voting rights on Deutsche EuroShop have exceeded the 3% threshold and amount to 3.02% (1,559,004 shares; total number of DES' shares: 51,631,400).
We want to take this occasion to update our shareholder structure.
Deutsche EuroShop now has around 10,000 shareholders (as at: 27 July 2011). The structural distribution is very stable: institutional investors hold around 56% of the shares, and private investors around 29%. The Otto familys stake is 15%. The investment company BlackRock currently holds 3.3% of the shares, Dexia - as already mentioned - holds 3.02%.
Since a few weeks we have a new image video. It perfectly describes the fascination of our shopping centers. It's all about emotion.
The commercial shows various characters who experience their visit to a shopping center from a very personal perspective.
It started weak: in 2001 - Deutsche EuroShop was public for just five months - only 37% of the Company's share capital was represented in DES' first AGM as listed company. In 2002 we saw the other extreme with 88%.
For some years now it seems to normalise: around 57% of the Company's share capital was represented on average in the last eight years in our annual shareholders' meetings.The Annual General Meeting of Deutsche EuroShop AG will take place on Thursday, 16 June 2011, at 10:00 a.m. CEST in the Handwerkskammer Hamburg, Holstenwall 12, D-20355 Hamburg.
Even if you plan your roadshows and conferences months in advance you are not immune against vis major such as eruptions of a volcano.
2010 it was Eyjafjallajökull in Iceland which erupted from April until October and influenced the air travel in Europe for weeks.
This year another Icelandic volcano disturbs (not only) the roadshow activities of many European companies: Grímsvötn.