CeoTronics AG submits application for revocation of the admission to the Regulated Market (General Standard/Prime Standard)
The revocation is based on a decision made by the Board of management and the advisory board on July 8, 2010.
After the revocation to the Regulated Market (General Standard / Prime Standard) is effective and subject to the approval of the Frankfurt Stock Exchange, the trading of CeoTronics' shares should seamlessly continue in the Entry Standard of the Frankfurt Stock Exchange, to ensure a continuous trading of the shares.
With this move CeoTronics AG intends to switch to the marked segment of the Stock Exchange most suitable to the company structure. Compared to the current market segment the company will at the same time significantly reduce listing costs and expenses. The company will continue to provide transparent information to their shareholders on their website. To further ensure the continuity of the reporting the accounting of the company will be continued in accordance with International Financial Reporting Standards (IFRS).