EANS-Adhoc: Kizoo AG applies for a switch to the General Standard at Deutsche Börse
ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.
14.10.2009
Shares in Kizoo AG, Karlsruhe (ISIN: DE000CMBT111) are currently admitted for stock exchange trading in the regulated market of the Frankfurt Stock Exchange with simultaneous admission to the sub-segment of the regulated market with additional post-admission obligations (Prime Standard). With the approval of the Supervisory Board, the Executive Board of Kizoo AG has decided to change the company's listing from the Prime Standard to the General Standard of the regulated market of the Frankfurt Stock Exchange.
The change of stock exchange segment will serve to reduce the additional expenditures arising from the Prime Standard listing, which are not justified in relation to the achievable benefits.
The Executive Board is to submit an application to the management of the Frankfurt Stock Exchange for cancellation of the admission of the shares of Kizoo AG to the Prime Standard. Cancellation of the admission will take effect three months following disclosure on the Internet (www.deutsche-boerse.com) of the decision by the stock exchange management to cancel.
It shall not affect the admission of the shares of Kizoo AG to the regulated market (General Standard); the management of the Frankfurt Stock Exchange will instigate the commencement of trading of the shares of Kizoo AG on the regulated market (General Standard) of the Frankfurt Stock Exchange ex officio.
Further inquiry note:
Silvia Teschner, Kizoo AG, Investor Relations, Tel.: 0721-5160-2701
Branche: Online
ISIN: DE000CMBT111
WKN: CMBT11
Index: CDAX, Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
Hannover / free trade
München / free trade