Ad-hoc reports

According to Article 17 of the Regulation (EU) No 596/2014 (Market Abuse Regulation - MAR) domestic issuers of financial instruments are obliged to immediately publish insider information that concerns them directly.

The purpose of the ad-hoc disclosure requirement is to ensure full and proper market transparency, which is a prerequisite for trading for all economic actors in integrated financial markets and which is essential to avoid insider dealing and ensure that investors are not misled.

The regulation has been in force since 3 July 2016. Older notifications are based on § 15 WpHG (German Securities Trading Act) that applied before.


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Deutsche Wohnen AG: Implementation of restructuring plan


Deutsche Wohnen AG / Miscellaneous

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.


Today, the Management Board of Deutsche Wohnen AG agreed on a restructuring plan for Deutsche Wohnen Group. As a consequence, several branches will be shut down and personnel will be reduced.

Group wide, approximately 140 out of 490 jobs will be cut in the residential business division, resulting in annual cost savings of approximately EUR 10 million by 2009.

The agreed restructuring plan will enable synergies, which ensure the sustainable competitiveness of Deutsche Wohnen Group and prepare the company for further growth.


Hubert Bonn
Head of Investor Relations

Phone: +49 (0)6131 4800 262
hubert.bonn@deuwo.com



11.02.2008Financial News transmitted by DGAP

 
Language: English
Issuer: Deutsche Wohnen AG
Pfaffenwiese 300
65929 Frankfurt am Main
Deutschland

Phone:+49 (0)6131 4800 262
Fax:+49 (0)6131 4800 4441
E-mail: hubert.bonn@deuwo.com
Internet: www.deutsche-wohnen.de
ISIN: DE000A0HN5C6, DE0006283302
WKN:A0HN5C, 628330
Indices:SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Hamburg, Düsseldorf, München, Stuttgart  
End of News DGAP News-Service  



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