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The Executive Board of Schweizer Electronic AG has resolved to prepare for the transfer of the company’s share listing from the regulated market on the Frankfurt Stock Exchange (General Standard) and the Stuttgart Stock Exchange to the Scale segment of the Open Market on the Frankfurt Stock Exchange, and to submit the necessary applications to this end. Scale is a segment of the Open Market (Freiverkehr) of the Frankfurt Stock Exchange with additional and comprehensive transparency requirements. Once the change of segment has been completed, the shares of Schweizer Electronic AG will continue to be tradable via Xetra and other Open Market platforms.
The Executive Board intends to apply to the Frankfurt Stock Exchange and the Stuttgart Stock Exchange to have the company’s shares delisted from trading on the regulated market and, in parallel, to arrange for the shares to be included in the Scale segment, subject to the fulfilment of all relevant requirements.
By switching segments, the company aims to reduce the regulatory and administrative burden associated with listing on the regulated market, including the associated costs, whilst maintaining its capital market presence on the Frankfurt Stock Exchange.
