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DEUTSCHE KONSUM REIT-AG - Voluntary announcement : Market update

Release Date: 26/03/2024 07:05
Code(s): DKR     PDF:  
Wrap Text
Voluntary announcement : Market update

DEUTSCHE KONSUM REIT-AG
(Incorporated in the Federal Republic of Germany)
(Registration number: HRB 13072)
FSE Share Code: A14KRD
JSE Share Code: DKR
ISIN: DE000A14KRD3
LEI: 529900QXC6TDASMCSU89
("DKR" or "the Company")

VOLUNTARY ANNOUNCEMENT: MARKET UPDATE

DKR is currently primary listed on the Frankfurt Stock Exchange ("FSE") and secondary listed
on the Main Board of the Johannesburg Stock Exchange ("JSE"). The Company secondary
listing on the JSE on 8 March 2021 with the intention of attracting interested South African
investors. Since the Company's secondary listing on the JSE, the Company engaged in
various initiatives and numerous investor discussions, however, these engagements have not
yielded the desired results from a South African market perspective. It is for these reasons
together with the market capitalisation of the Company not having grown as anticipated since
its listing, that DKR therefore intends to withdraw its secondary listing on the JSE ("Delisting")
and to re-focus exclusively on its primary exchange and accompanying shareholder base,
being the FSE.

The Company will effect the proposed Delisting from the JSE in accordance with the relevant
regulatory process and timelines as required in terms of the JSE Listings Requirements. In
this regard, the Company will commence engaging with its South African shareholders and
the JSE in due course.

Shareholders are advised to consider this market update in relation to the Company's
securities until a further announcement has been made.

Further details on the Delisting process will be announced in due course.

Potsdam, 26 March 2024

JSE Sponsor

PSG Capital

Date: 26-03-2024 07:05:00
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