DGAP-News: Weng Fine Art AG was granted permission for trading in the Quality Segment on the Munich Stock Exchange
07.03.2018 (www.4investors.de) -
DGAP-News: Weng Fine Art AG / Key word(s): IPO
Weng Fine Art AG was granted permission for trading in the Quality Segment on the Munich Stock Exchange
07.03.2018 / 08:00
The issuer is solely responsible for the content of this announcement.
Less than four weeks after the first meeting with the decision makers, Weng Fine Art AG has met all the requirements of the Munich Stock Exchange to be included in the "m:access" quality segment of the market. CEO and Supervisory Board believe that during the past two years Weng Fine Art has met all the goals for a re-listing after the newly built e-commerce business of WFA Online AG has proven to be scalable. Trading in the Weng Fine Art stock will resume in April 2018: the precise date will be released to the public within the next few weeks, after discussions with the Munich Stock Exchange and mwb fairtrade AG, the bank who accompanies Weng Fine Art to the stock exchange.
The CEO Rüdiger K. Weng thanks the decision makers of the Munich Stock Exchange for the strong support in bringing Weng Fine Art back to the stock exchange: "The re-listing reflects and rewards the Company's successful development in recent years. At the same time the shareholders, who have hold faith in the company during the past years, have now the chance to capitalize on the growing company value".
Weng Fine Art AG is the first German corporation that managed a come-back after the wave of de-listings that started in 2016 and saw more than 100 companies leaving the stock exchange.
At present time and until the public listing, the shares of Weng Fine Art can be traded through the platform of Schnigge Wertpapierhandelsbank: https://www.schnigge.de/de/quote-center/telefonhandel-kurse.html
This platform shows bid and ask quotes for WFA shares throughout the day.
ABOUT WENG FINE ART AG
Weng Fine AG (www.wengfineart.com) registered in Krefeld and operating in Monheim a.Rh. and in Zug (Switzerland), is a leading internationally operating art dealership. The founder-led company combines more than 20 years of expertise in the art market with broad economic know-how. Other factors of success are the large inventory of artworks as well as the access to attractive funding. The company focuses on the most important artists of the 20th century, such as Andy Warhol, Damien Hirst, Robert Longo, Pablo Picasso, Gerhard Richter and Jeff Koons. In its core business Weng Fine Art supplies only professionals and among the clients are the most important international auction houses, together with leading international dealers and galleries. A new venture is the e-commerce platform "Weng Contemporary" (www.wengcontemporary.com), launched in 2015 and owned by its subsidiary WFA Online AG, based in Zug (Switzerland). This platform offers graphic and sculptural editions of the best-known blue-chip contemporary artists.
Weng Fine Art AG
Rüdiger K. Weng, CEO
Rheinpromenade 8 | D-40789 Monheim am Rhein
Telephon +49 (0)2173 690 8700 | Telefax +49 (0)2173 690 8701
07.03.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
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