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FAQ: DATAGROUP's Delisting from Munich Stock Exchange - Key Information for Investors
TL;DR
DATAGROUP SE's delisting from the Munich Stock Exchange provides strategic flexibility for private operations, potentially enhancing competitive positioning in the IT service market.
DATAGROUP SE's delisting process involves revoking open market inclusion, which will restrict share trading and requires shareholders to sell before the procedure completes.
DATAGROUP SE's transition to private status may foster stable growth and better service integration, benefiting employees and clients through focused long-term strategies.
DATAGROUP SE, a leading German IT provider with 3,700 employees, is delisting to operate privately, highlighting a shift in corporate structure.
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DATAGROUP's Management Board and Supervisory Board have decided to submit a request to revoke the inclusion of DATAGROUP shares in the open market of the Munich Stock Exchange, which is known as delisting.
The company intends to operate as a private company with greater strategic flexibility in the future by removing its shares from the open market.
Investors will not have the opportunity to sell their shares as part of a delisting offer, which is available for shares admitted to the regulated market but not for open market shares. Shareholders who wish to sell should consider doing so before the delisting.
After delisting, shares will likely only be tradable to a limited extent or possibly not at all, as trading volume is expected to decline significantly and trading opportunities will be significantly restricted.
The delisting is specifically from the open market of the Munich Stock Exchange in Germany.
The Management Board and Supervisory Board of DATAGROUP SE made this decision.
DATAGROUP is one of the leading German IT service providers with approximately 3,700 employees across Germany, providing IT infrastructure and business application services through its CORBOX product for medium and large enterprises and public authorities.
DATAGROUP grows organically and through acquisitions, with a strategy noted for optimal integration of new companies and participation in consolidation through 'buy and turn around' and 'buy and build' approaches.
Investors can contact Anke Banaschewski, Investor Relations & Corporate Communication, at anke.banaschewski@datagroup.de.
The original release can be viewed on www.newmediawire.com at the provided link.
Curated from NewMediaWire
