Delisting of shares on Frankfurt Stock Exchange with effect as of the end of 28 February 2024
Mannheim, 23 February 2024 – The Frankfurt Stock Exchange has informed CropEnergies AG, Mannheim, (“CropEnergies“) today, that its application for revocation of the admission to trading on the regulated market has been approved. As a result, the shares of CropEnergies (ISIN: DE000A0LAUP1) will no longer be traded on the regulated market (Prime Standard) of the Frankfurt Stock Exchange with effect as of the end of 28 February 2024.
Dr Stephan Meeder, CEO and CFO of CropEnergies AG: “CropEnergies will remain a strong and independent pillar within Südzucker Group even after its delisting from the regulated stock exchange. With our biofuels for sustainable mobility and the new bio-based chemicals division, we are making an important contribution to the defossilisation of our customers’ products. CropEnergies will continue to implement the growth strategy of recent years.”
The delisting from the regulated market also marks the end of extensive financial reporting obligations and capital market disclosure requirements.
About CropEnergies AG
Sustainable, renewable products made from biomass – that is what CropEnergies stands for. Our products contribute to a climate-friendly world and ensure that fossil carbons remain in the ground permanently and do not continue to drive climate change.
Founded in Mannheim in 2006, the member of the SĂĽdzucker-Group is the leading European producer of renewable ethanol. With a production capacity of 1.3 million m3 of ethanol per year, CropEnergies produces neutral alcohol as well as technical alcohol (ethanol) for a wide range of applications at locations in Germany, Belgium, the UK, and France: Sustainably produced ethanol as a petrol substitute is an answer to the future challenges of climate-friendly energy supply in the transport sector. Thanks to highly efficient production plants, our ethanol reduces CO2 emissions by an average of more than 70 percent across the entire value chain compared to fossil fuel. Our high-quality alcohol is also used in beverage production, cosmetics, pharmaceutical applications, for example as a basis for disinfectants, or as a raw material for innovative biochemicals.
Equally important are the resulting protein food and animal feed products as a sustainable regional alternative to emission-intensive protein imports from overseas, as well as biogenic carbon dioxide. It is used in beverage production, among other things, and will be a valuable raw material for a wide range of applications in transport and industry in the future. Thus, all raw material components are utilised in our circular economy.
CropEnergies AG (ISIN DE000A0LAUP1) is listed on the regulated market (Prime Standard) of the Frankfurt Stock Exchange. The listing will end as of the end of 28 February 2024, following the revocation of the admission to trading.