Temporary Suspension of Intershop Shares Trading Due to Share Split

Intershop Holding AG has announced a temporary suspension of its share trading on Thursday, 4 April 2024. This suspension is in anticipation of a share split, a process that necessitates a temporary halt for formal reasons. Trading is expected to resume on a split-adjusted basis by 10 April 2024 at the latest. This move is part of Intershop's broader strategy, focusing on its real estate portfolio primarily in Switzerland.

Intershop, prominently recognized for its investment in commercial properties in Switzerland, holds a substantial portfolio worth approximately 1.4 billion Swiss francs as of the end of 2023. The company's strategic investment locations include the high-demand areas of Zurich, Lac Leman vicinity, and main traffic arteries. Diversification by geography and property use, coupled with the development potential of its assets, underscores Intershop's approach to combining yield security with value appreciation potential.

R. H.