A new era is dawning for German shipyard HanseYachts AG, builder of Hanse, Dehler and Moody sailing yachts, and Sealine, Fjord and Ryck powerboats: the Greifswald-based yard will see its shares delisted from the Frankfurt Stock Exchange at the end of the day on 17 May.

On 14 May 2024, the Frankfurt Stock Exchange informed HanseYachts AG that its shares would be delisted at its request.

This delisting will take effect at the end of 17 May 2024 and the HanseYachts share (ISIN DE000A0KF6M8) will therefore no longer be traded on the regulated market of the Frankfurt Stock Exchange.

HanseYachts will also apply to the regional stock exchanges in Berlin, Düsseldorf, Hamburg, Munich and Stuttgart as well as to the trading platforms Tradegate Exchange and gettex for the HanseYachts shares to no longer be traded on the OTC market as soon as possible, and for existing listings to be discontinued.

The delisting follows HY Beteiligungs GmbH's public tender offer of 10 April 2024, the offer period for which expired on 8 May 2024 and which resulted in HY Beteiligungs GmbH being offered approximately 5.26% of the shares in HanseYachts AG.

After 17 May 2024, all the transparency obligations associated with a listing on a regulated or organised market, such as the ad hoc disclosure obligation and the obligation to prepare half-yearly financial reports and quarterly statements, will no longer apply.

Here's the lowdown - after a rather bumpy ride on the stock market, the German group is being delisted from the Frankfurt stock exchange after restoring its accounts.... but just as the economic situation is getting tougher. The scope of the company's legal reporting and publication obligations has been greatly reduced, and it will now be up to shareholders, funds and banks to support the group's - potential - needs.