The Frankfurt Stock Exchange has informed Axel Springer SE today that its delisting application has been approved. The Axel Springer SE shares will be delisted from the regulated market of the Frankfurt Stock Exchange in accordance with the stock exchange regulations of the Frankfurt Stock Exchange at the end of April 6, 2020. Thereafter, the Axel Springer SE shares can no longer be traded on the Frankfurt Stock Exchange. Axel Springer SE assumes that the stock exchanges in Berlin, Düsseldorf, Hamburg, Hanover, Munich, Stuttgart as well as Tradegate Exchange will end the inclusion of the Axel Springer SE shares in the open market likely in close temporal proximity with the delisting from the Frankfurt Stock Exchange.
Mathias Döpfner, Chief Executive Officer of Axel Springer SE: 'On April 6 a 35-year era for Axel Springer as a listed company will end, during which we have been able to significantly increase the valuation of our company's shares for our shareholders. The departure from the stock market heralds a new phase of growth for us. As soon as the situation returns to normal after the corona crisis, we will focus all our attention on our ambitious goal of becoming the world market leader in digital journalism and digital classifieds.'
In KKR, the company has a strategic partner at its side who supports this goal and, together with Axel Springer, will use the newly won freedom to systematically implement and accelerate the strategy of growth and investments.
Axel Springer SE published this content on 01 April 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 April 2020 11:15:01 UTC