Deutsche Wohnen applies for change of segment to General Standard on the regulated market of the Frankfurt Stock Exchange
- Transparency will continue to be ensured
- Change of segment will lead to cost
Today, Deutsche Wohnen applied to have its licence to trade its shares in the Prime Standard segment of the Frankfurt Stock Exchange revoked. The admission of Deutsche Wohnen shares to the regulated market (General Standard) will not be affected by this.
The change of segment to General Standard will become effective three months following the publication of the decision to revoke by the board of directors of the Frankfurt Stock Exchange on the website of the Deutsche Boerse Group (www.deutsche-boerse.com).
This change of segment and the associated discontinuation of the extended control and reporting obligations of the Prime Standard is intended to achieve cost savings.
In order that the requirements of our investors for transparency can be sufficiently met, we will continue in future to provide a quarterly summary of our business performance for the relevant reporting period in both German and English.
Deutsche Wohnen
Deutsche Wohnen is one of the leading publicly listed residential property companies in Europe. The business focus of the company is on managing its own portfolio of residential properties in dynamic metropolitan regions and conurbations in Germany. Deutsche Wohnen sees itself as having both a social responsibility and a duty to maintain and newly develop good-quality and affordable housing in vibrant residential neighbourhoods. As at 30 September 2021, the portfolio comprised a total of around 158,000 units, of which 155,000 were residential and around 3,000 commercial.