News & media reports

sitEX share in trading 2018

The sitEX share closed the 2018 business year with a slightly positive annual performance (+3.2%; cf. eKMU-X index: -10.16%). The sitEX share gained around 33% from its lowest level for the year to its year-end closing price, making it one of the winners of the eKMU-X index of the Cantonal Bank of Zurich.

Jan. 8, 2019

Successful completion of share buyback program

On 5 September 2018 the Board of Directors of sitEX Properties AG informed about the execution of the share buyback program with a fixed purchase price. On 25 September 2018 sitEX Properties AG has acquired a total of 115,057 registered shares (5.00% of the outstanding share capital) at the offer price of CHF 47 per registered share.

Sept. 25, 2018

Share buyback

As announced in the Annual Report 2017 and approved at the Annual General Meeting on 6 June 2018, sitEX Properties AG will buy back up to 5% of the outstanding shares in September 2018 at a price of CHF 47 per share.

Media release (in German) (PDF)

Details share buyback (in German) (PDF)

Sept. 5, 2018

Shareholders approve capital decrease

The shareholders of sitEX Properties AG followed the recommendations of the Board of Directors at the Annual General Meeting. 93.21% of the outstanding shares were represented at the meeting. All resolutions were approved unanimously.

In particular, the proposed ordinary share capital decrease in the amount of CHF 10.916 million from currently CHF 56.938 million to CHF 46.022 million and the simultaneous annulment of 545,800 sitEX shares with a nominal value of CHF 20 each was accepted. The reduction amount will be used to transfer the shares of the newly established OAK Investment Holding AG currently held by the Company to four sitEX shareholders who have tendered their 545,800 sitEX shares.

With the transfer of the shares of OAK Investment Holding AG, the Board of Directors of sitEX Properties AG underlines the geographical focus of the company on Switzerland and Central Florida (USA) which was defined last year. 

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June 7, 2018

sitEX Properties AG generates record earnings in the 2016 financial year

sitEX Properties AG, a real estate company focusing on the holding and development of investment properties in special situations as well as the development of new construction projects in Switzerland and abroad, achieved a audited total real estate income of CHF 35.64 million in 2016 (previous year CHF 21.45 million) thanks to its focused strategy, with income from the revaluation of properties making up 34.65% of this figure. EBITDA amounted to CHF 32.97 million (previous year CHF 19.61 million). Net profit amounted to CHF 22.96 million (previous year CHF 8.3 million). The return on equity after taxes stood at 18.5% (previous year 8.2%). In future, the company will concentrate on the two markets of Switzerland and Central Florida. 

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April 5, 2017