Ad-hoc News
30.11.2011
biolitec AG intends to switch from Prime Standard to Entry Standard
Jena, November 30, 2011 – biolitec AG, based in Jena and listed in the prime standard segment of the Frankfurt stock exchange (ISIN DE0005213409), will apply for a transfer from the highly regulated exchange segment Prime Standard into the Entry Standard segment of the German stock exchange.
Management and board agreed to adapt size and trading volume of the company to the market conditions.
Management and board thus believe that an accreditation of the shares in the quality segment Entry Standard of the Open Market of Frankfurt Stock Exchange is appropriate and have decided to initiate the transfer into this exchange segment.
In the aspired market segment, market capitalisation and costs remain within reasonable limits, and it offers shareholders high levels of transparency while relieving the management from considerable additional expenditures. The trading of the shares via the electronic platform of the German Stock Exchange XETRA and the engagement of the designated sponsor will remain in place. The application for the segment change will be submitted to Deutsche Börse AG immediately.
The inclusion into the Entry Standard segment of the Open Market will take place at the point in time when the cancellation of the admission to the regulated market takes effect and is expected in the following months.
