METRO AG delists shares from Luxembourg Stock Exchange; listing on Prime Standard of Frankfurt Stock Exchange remains unaffected25 February 2019Download
Now, METRO AG has decided, in accordance with the Luxembourg Stock Exchange, to delist its shares from the official list of the Luxembourg Stock Exchange (“Lux-Delisting”) and to remove the shares from trading on the regulated market of the Luxembourg Stock Exchange with effect from March 1st, 2019.
In light of the low volume of METRO Shares being traded on the Luxembourg Stock Exchange since the listing of the METRO Shares in July 2017, METRO AG considers that maintaining an admission to trading on the Luxembourg Stock Exchange offers no benefits to the shareholders and investors. This holds true in particular since all METRO Shares will continue to be listed going forward on the Prime Standard of the Frankfurt Stock Exchange. In addition to that concentrating trading admissions to the Frankfurt Stock Exchange will allow METRO AG to focus on one regulatory regime.
Shareholders of METRO AG will not incur any costs or considerable disadvantages by the Lux-Delisting.
METRO is a leading international wholesale company with food and non-food assortments that specialises on serving the needs of hotels, restaurants and caterers (HoReCa) as well as independent traders. Around the world, METRO has some 24 million customers who can choose whether to shop in one of the large-format stores, order online and collect their purchases at the store or have them delivered. METRO in addition also supports the competitiveness of entrepreneurs and own businesses with digital solutions and thereby contributes to cultural diversity in retail and hospitality. Sustainability is a key pillar of METRO’s business. METRO has been the sector leader in the Dow Jones Sustainability Index for the last four years. The company operates in 35 countries and employs more than 150,000 people worldwide. In financial year 2017/18, METRO generated sales of €36.5 billion. In September 2018 METRO AG initiated the divestment process for the food retail chain Real with its 34,000 employees.