Shares in centrotherm Photovoltaics AG will be traded effective March 1, 2013, in the General Standard segment of the regulated market on the Frankfurt Stock Exchange. Listing in the Prime Standard segment ends February 28, 2013. The Frankfurt Stock Exchange has meanwhile approved the company’s application for this move, and the change of segment has been published on the Internet at www.deutsche-boerse.com.
The move to the General Standard takes place as part of the current restructuring process. “In the present situation we must take advantage of every option to save costs. Switching from the Prime Standard to the General Standard will spare us the expense of both listing and consequential obligations. While at the same time, our shareholders will continue to enjoy the unrestricted opportunity to trade their shares on the Frankfurt Stock Exchange,” explained CFO Dr. Thomas Riegler.
centrotherm photovoltaics AG is currently undergoing a process of self-managed restructuring. If creditors agree to the debt-to-equity swap proposed in the restructuring plan, the number of shares in free float would also be reduced. With this in mind also, the move to the General Standard is an expedient step to take.
