DGAP-News: Gigaset AG: Oppenheimer Fund has sold Gigaset shares
ID: 371266
Gigaset AG: Oppenheimer Fund has sold Gigaset shares
21.03.2011 / 18:32
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Munich, March 18, 2011: The Oppenheimer International Small Company Fund
announced today that it sold a total of 991,546 Gigaset AG shares between
March 14 and March 15, 2011, i.e. at the height of the Japan crisis.
According to rumours on the market, the fund also sold its remaining
approximately 3.7 million Gigaset shares between March 11 and March 17.
There is a temporal correlation between the sale of the shares and the
departure of the fund manager on February 28, 2011. The fund manager was
responsible for the Gigaset shares for more than seven years. It has also
become known that the small cap fund in which Gigaset AG was held has been
restructured by the new fund managers. All the sold shares were placed on
the market.
Maike Brockmann, Gigaset AG Executive Board Member: 'From Gigaset's
perspective the sale of almost 10% of the Gigaset shares at the peak of the
Japan crisis is certainly not considered ideal but I am pleasantly
surprised by how robust the market for Gigaset shares is and how quickly
the price has recovered after these parallel events.'
Gigaset AG, Munich, is a worldwide leading company focusing on
telecommunication and accessories. Gigaset AG is the parent company of the
Gigaset Group, the leading producer of cordless phones worldwide and the
market leader in Europe for DECT phones.
The shares of Gigaset AG are traded in the TecDAX (as of March 21, 2011) on
the Frankfurt Stock Exchange under the symbol 'AQU' (ISIN: DE0005156004).
More information is available under http://www.gigaset.com.
Contact:
Gigaset AG
Kerstin Diebenbusch
Investor Relations
Tel.: +49 (0)89 444456-937
E-Mail: info@gigaset.com
End of Corporate News
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21.03.2011 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: Gigaset AG
Hofmannstraße 61
81379 München
Deutschland
Phone: +49 89/255500-0
Fax: +49 89/255500-200
E-mail: klaus.franke@gigaset.com
Internet: www.gigaset.com
ISIN: DE0005156004
WKN: 515600
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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116329 21.03.2011Unternehmensinformation / Kurzprofil:
Datum: 21.03.2011 - 18:32 Uhr
Sprache: Deutsch
News-ID 371266
Anzahl Zeichen: 3882
Kontakt-Informationen:
Kategorie:
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