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Business news for the stock market
SLM Solutions Group AG: Downlisting from Prime Standard to General Standard segment of Frankfurt Stock Exchange
and termination of Designated Sponsor contract
Lübeck, Germany (pta010/08.06.2023/15:00) - Downlisting from Prime Standard to General Standard segment of Frankfurt Stock Exchange and termination of Designated Sponsor contract
June 8, 2023 . SLM Solutions Group AG ("SLM Solutions" or the "Company") announces that the Frankfurt Stock Exchange has revoked the admission of the Company's shares (ISIN DE000A111338 and DE000A30VLG2) to the Prime Standard segment of the regulated market upon application of the Company. The revocation will become effective as of the end of August 24, 2023. The Company's shares will remain admitted to the regulated market of the Frankfurt Stock Exchange and will trade on the General Standard segment from August 25, 2023.
The downlisting means that the extended post-admission obligations of the Prime Standard no longer apply to SLM Solutions. These include, among others, the requirement to publish interim reports as of the reporting date of the first and third quarters of a financial year.
In addition, the Company has terminated the Designated Sponsor contract with mwb Wertpapierhandelsbank AG with effect from June 30, 2023. Accordingly, continuous trading of the Company's shares on the reference market XETRA® will no longer be possible from that date. However, this will not affect the general tradability of the Company's shares on the regulated market of the Frankfurt Stock Exchange.
About SLM Solutions
SLM Solutions is a publicly-traded Company headquartered in Germany, with offices in Canada, China, France, India, Italy, Japan, Singapore, South Korea, and the United States.
Further information is available on www.slm-solutions.com.