Rocket Internet: No longer interested in the stock market

Rocket Internet wants to withdraw from the stock market. The aim is to prepare for this with a buyback offer of EUR 18.57 per share in Rocket Internet SE: “The offer is intended to revoke the admission of Rocket Internet shares to trading on the regulated market of the Frankfurt Stock Exchange in accordance with Section 39 (2) sentence 1 Prepare BörsG ”, reports the Berlin company. However, you only pay the statutory minimum price to the shareholders. The Group’s share price in XETRA trading is currently trading at EUR 18.72, slightly above the offer and down 1.21 percent.

“For Rocket Internet, the use of the capital market as a financing option has lost its importance. Outside of the stock exchange, Rocket Internet can take a longer-term approach to strategic decisions, ”the company explains the decision made.

At the same time, Rocket Internet started buying back its own shares today. The program comprises a volume of up to 8.84 percent of the share capital and is scheduled to end on September 15. Company shareholders are to decide on the cancellation of Rocket Internet shares at an extraordinary general meeting at Rocket Internet on September 24, 2020.

At a glance – chart and news: Rocket Internet

Related Articles

Back to top button