[Düsseldorf, 25 February 2016] With the approval of the Supervisory Board, the Board of Managing Directors of IKB Deutsche Industriebank AG has resolved to promptly file for the delisting of IKB shares (ISIN: DE 0008063306) on the open market (Primärmarkt) of the Düsseldorf stock exchange and to terminate the listing in the Entry Standard of the Frankfurt stock exchange. The delisting applies to trading on all stock exchanges on which the share was included at the instigation of IKB.
In particular, IKB is expecting to reduce complexity and its administrative expenses with the intended delisting. Given the low free float of 8.5%, there has been very limited trading in IKB shares in recent years. 91.5% of the shares are held by the majority shareholder Lone Star. Shareholders will be able to trade their shares on the stock markets until the delisting takes effect. Trading on stock markets is expected to remain possible for several months following IKB's application and termination.
Contact: Dr Jörg Chittka, tel.: +49 211 8221-4349;
Armin Baltzer, tel.: +49 211 8221-6236, e-mail: presse@ikb.de
IKB Deutsche Industriebank AG provides loans, risk management, capital market services and consulting services for small and medium-sized enterprises in Germany and Europe.
In particular, IKB is expecting to reduce complexity and its administrative expenses with the intended delisting. Given the low free float of 8.5%, there has been very limited trading in IKB shares in recent years. 91.5% of the shares are held by the majority shareholder Lone Star. Shareholders will be able to trade their shares on the stock markets until the delisting takes effect. Trading on stock markets is expected to remain possible for several months following IKB's application and termination.
Contact: Dr Jörg Chittka, tel.: +49 211 8221-4349;
Armin Baltzer, tel.: +49 211 8221-6236, e-mail: presse@ikb.de
IKB Deutsche Industriebank AG provides loans, risk management, capital market services and consulting services for small and medium-sized enterprises in Germany and Europe.
