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Advising Funkwerk AG on transfer to another trading segment

  • Germany


    On 21 January 2013 the executive board and the supervisory board of Funkwerk AG, Kölleda, decided to transfer the listing of its shares from the Prime Standard segment of the regulated market at the Frankfurt Stock Exchange to the m:access trading segment within the open market of the Munich Stock Exchange and published this information by way of an ad-hoc announcement.

    Funkwerk will be initiating the transfer by applying for the admission of its shares to the regulated market of the Munich Stock Exchange and subsequent listing in the m:access trading segment. Once its shares have been admitted to the regulated market of the Munich Stock Exchange, the company will then file an application with the Frankfurt Stock Exchange for a cancellation of its listing in the regulated market.

    Funkwerk AG is comprehensively advised by a team of the international law firm Heisse Kursawe Eversheds which is headed by Dr. Oliver Maaß and further includes Dr. Christian Mense as well as Wolfgang Troidl (all Corporate).

    Funkwerk has opted for the change of segments primarily as this will significantly lower its costs. Funkwerk also believes that the quality segment of the open market (m:access) is better suited to its corporate structure.

    Dr. Oliver Maaß has been advising Funkwerk AG for several years, in particular on issues relating to stock corporation and capital market law. For example, he has previously provided advice on the merger of Hörmann-Funkwerk Kölleda GmbH (FWK) to Funkwerk AG in 2012.

    The Corporate team of Heisse Kursawe Eversheds is characterised by in-depth expertise on the change of trading segments, such as in case of BEKO Holding AG and DocCheck AG, and the provision of advice on the change of stock exchange standards; in this respect, the team is even responsible for downgrades and delisting processes and other going private measures.


    This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

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