KAP AG APPLIES TO MOVE TO GENERAL STANDARD SEGMENT OF DEUTSCHE BÖRSE’S REGULATED MARKET
July 24, 2023 at 08:32 pm IST
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KAP AG APPLIES TO MOVE TO GENERAL STANDARD SEGMENT OF DEUTSCHE BÖRSE’S REGULATED MARKET
24.07.2023 / 17:00 CET/CEST
The issuer is solely responsible for the content of this announcement.
KAPAG APPLIES TO MOVE TO GENERAL STANDARD SEGMENT OF DEUTSCHE BÖRSE’S REGULATED MARKET
Fulda, 24July 2023 – The shares of KAP AG (“KAP”), a listed, medium-sized industrial holding company (German securities identification number: WKN 620840; ISIN DE0006208408), are currently admitted to stock exchange trading on the regulated market of the Frankfurt Stock Exchange and also admitted to a subsegment of the Frankfurt Stock Exchange’s regulated market with additional post-admission obligations (Prime Standard). With the approval of the Supervisory Board, KAP AG’s Management Board today decided to apply for withdrawal of admission to stock exchange trading in the Prime Standard of the Frankfurt Stock Exchange.
The move to the General Standard will take effect three months after publication of the withdrawal decision by the Frankfurt Stock Exchange’s Management Board on the Deutsche Börse website (www.deutsche-boerse.com). The withdrawal will not affect admission of KAP AG’s shares to trading on the regulated market of the Frankfurt Stock Exchange (General Standard).
The segment change, as a result of which the additional post-admission obligations of the marketplace will no longer apply, is intended to realise cost savings.
Contact:
KAP AG
Kai Knitter
Head of Investor Relations & Corporate Communications investorrelations@kap.de
+49 661 103 327
About KAP AG
KAP AG is a listed industrial holding company focused on upper mid-size operating companies that seizes attractive growth opportunities in their respective niche markets. Specifically, KAP AG currently focuses on four distinct operating segments: engineered products, flexible films, surface technologies and precision components. The Group lets its shareholders participate in the long-term sustainable value development through an attractive dividend. KAP AG currently has some 2,700 employees at 24 locations in eleven countries. KAP AG is a Participant of the United Nations Global Compact and adheres to its principles-based approach to responsible business. KAP AG’s shares are listed on the Regulated Market of the Frankfurt Stock Exchange (Prime Standard, ISIN DE0006208408).
24.07.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com
Language:
English
Company:
KAP AG
Edelzeller Straße 44
36043 Fulda
Germany
Phone:
06611030
Fax:
0661103830
E-mail:
office@kap.de
Internet:
www.kap.de
ISIN:
DE0006208408
WKN:
620840
Listed:
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange
Kap AG, formerly KAP Beteiligungs AG, is a Germany-based industrial holding company. The Company invests in small and medium companies in need of a new ownership structure, with focus on segments, such as engineered products, flexible films, precision components, surface technologies, as well as information technology (IT) and services. Engineered products segment offers technical threads and scrims for products, such as tires, fire retardants and medical solutions. Flexible films segment manufactures films for application in medical products, packaging and construction, among others. Precision components segment provides products, such as gears and drives, for the automotive and machining industry. Surface technologies segment provides electroplating and other metal finishing solutions. In the IT/services segment, Kap AG invests in business providing big data, data analytics and industry 4.0 solutions. Its portfolio companies have production and sales locations in various countries.