SHW AG

  • WKN: A3E5B7
  • ISIN: DE000A3E5B74
  • Land: Deutschland

Nachricht vom 10.11.2017 | 11:59

SHW AG decides to switch to the General Standard - close orientation to the follow-up obligations of the Prime Standard

DGAP-News: SHW AG / Key word(s): Regulatory Admission

10.11.2017 / 11:59
The issuer is solely responsible for the content of this announcement.


PRESS RELEASE

 

SHW AG decides to switch to the General Standard - close orientation to the follow-up obligations of the Prime Standard

- Intensive capital market communication to continue unchanged

- SHW share still traded on the XETRA electronic trading system

Aalen, 10 November 2017. The Management Board of SHW AG today decided to file an application with Deutsche Börse AG to switch from the Prime Standard to the General Standard of the Regulated Market.

The revocation of admission to the Prime Standard will become effective at the end of a period of three months after the decision of the management of the Frankfurt Stock Exchange being published in the internet (www.deutsche-boerse.com). The revocation does not affect the admission of the shares of SHW AG to trading on the Regulated Market (General Standard) of the Frankfurt Stock Exchange.

With the exception of the Quarterly Statements, SHW AG will fulfil all follow-up obligations of the Prime Standard (e.g. languages for the follow-up obligations: German and English; analysts' meeting: at least once a year) in the future.

"We will continue to participate regularly in capital market conferences and roadshows in future and be available for on-site meetings. And apart from that we will make no material cutbacks to our capital markets communication," says Martin Simon, CFO of SHW AG. "Our goal is that our share is valued adequately on the capital market. To this end, we will pursue an open and intensive dialogue with all market players in future as well. We will provide relevant facts and constantly communicate the value perspectives of our company."

The shares of SHW AG will be traded on the XETRA trading system as before. "In this way continuous tradability is guaranteed at all times in the future as well," says Martin Simon.

 

About SHW

The Company was established in 1365, making it one of the oldest industrial companies in Germany. Today, SHW AG is a leading automotive supplier, providing products that make a substantial contribution to reducing fuel consumption and, consequently, to lowering CO2 emissions. In its Pumps and Engine Components business segment, the SHW Group develops and produces pumps for passenger cars (including circuit boards) and Truck & Off-Highway applications (e.g., trucks, agricultural and construction machinery, stationary engines and wind farms) as well as engine components. The Brake Discs business segment develops and produces monobloc ventilated brake discs made of cast iron and composite brake discs made of a combination of an iron friction ring and an aluminium pot. The SHW Group's customers include renowned automobile manufacturers, manufacturers of commercial, agricultural and construction vehicles as well as other suppliers to the automotive industry. Currently, the SHW Group has five production sites in Germany located in Bad Schussenried, Aalen-Wasseralfingen, Hermsdorf, Tuttlingen-Ludwigstal and Neuhausen ob Eck, sites in Brazil (São Paulo) and China (Kunshan) and a sales and development centre in Toronto (Canada). With just over 1,250 employees, the Company achieved Group sales of EUR 406 million in the fiscal year 2016. Further information is available at www.shw.de


Contact

Michael Schickling

Head of Investor Relations & Corporate Communications

SHW AG

Telephone: +49 0 7361 502 462

Email: michael.schickling@shw.de

Future-oriented statements

This press release contains certain future-oriented statements that are based on current assumptions and forecasts made by the management of SHW AG. Various known and unknown risks, uncertainties and other factors may lead to the actual results, financial position, development or performance of the company deviating considerably from the appraisals specified here. The company assumes no obligation to update future-oriented statements of this nature or adapt them to future events or developments.

Note

This announcement is for information purposes only and does neither constitute an offer to sell, purchase, exchange or transfer any securities nor a solicitation of any offer to sell, purchase, exchange or transfer any securities.

The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") and may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. SHW AG does not intend to register any securities referred to herein under the Securities Act or with any securities regulatory authority of any state or other jurisdiction in the United States in connection with this announcement.

 



10.11.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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