| PRESS RELEASE | ||
Greenshoe upon hotel.de reallocation prematurely exercised in full • Total of 612,526 shares reallocated • Free float increases to around 36.4 percent of share capital Nuremberg, 27 June 2007 - By the close of trading yesterday, UniCredit Markets & Investment Banking (Bayerische Hypo- und Vereinsbank AG) had prematurely and completely exercised the greenshoe option granted in connection with the reallocation of shares undertaken by existing shareholders in hotel.de AG (ISIN DE0006910938; WKN 691093) on 19 June 2007. The existing shareholders yielding part of their shareholdings in hotel.de AG had granted UniCredit Markets & Investment Banking the possibility of additionally acquiring up to 15 percent of the original transaction volume of 520,647 shares at the allocation price of EUR 36.00 per share (so-called greenshoe option). A further 91,879 shares have therefore been placed as part of an additional allocation within the overall reallocation. The number of shares placed in the context of the reallocation of shares by existing shareholders therefore amounts to 612,516 in total, with an equivalent value of approximately EUR 22.1 million. Following the complete exercising of the greenshoe option, the free float now amounts to around 36.4%. |
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| hotel.de hotel.de AG, based in Hamm and Nuremberg, Germany, London, UK and Paris, France runs a free of charge hotel reservation service for companies and private users on www.hotel.de, www.travelres.com, www.hotel.at and www.hotel.ch. hotel.de/TravelRes offers 210,000 hotels worldwide to be booked online. In 2007, hotel.de has enlarged its business model - focussing on the placing of hotel stays - by the fast-growing segment of procuring conference hotels for corporate clients. Compared to other booking channels, hotel.de/TravelRes customers benefit from considerable cost savings. These partially result from the very low hotel rates which hotel.de/TravelRes is able to negotiate with hotels, thanks to its high booking volume. Additionally, hotel.de/TravelRes always displays all rates available for every single hotel (e.g. promotional rates, corporate or weekend rates), so that the customer can choose the lowest or best-fitting rate. Another major advantage of hotel.de/TravelRes is the fact that booking confirmations are sent right into the hotel's computer - making a reservation fast, safe and reliable. This is enabled by hotel.de/TravelRes' unique integration of the hotels' central reservation systems (so-called CRS) under one consistent user surface. Well-known companies, such as Wella AG (subsidiary of Procter & Gamble), SAP AG, ThyssenKrupp AG, degussa AG, Logica CMG GmbH, Ernst & Young AG, Wal-Mart, Texas Instruments Inc., Deutsche Börse Group, Munich Re Group and others already use the hotel.de/TravelRes corporate application. |
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