DGAP-Adhoc: PETROTEC AG: Resolution to apply for revocation of shares' admission to trading on the regulated market

PETROTEC AG  / Key word(s): Delisting

20.03.2015 19:54

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Borken, 20 March 2015

Today, the Management Board of PETROTEC AG with registered office in
Borken, ISIN DE000PET1111, has resolved, with the approval of the
supervisory board, to file an application with the Frankfurt stock exchange
as the stock where PETROTEC AG's shares are listed in the sub-segment
(Prime Standard) of the official market segment, for revocation of
admission to the regulated market (so-called delisting).

After approval of the application for revocation of the admission by the
Frankfurt stock exchange, PETROTEC AG's shares would then no longer be
traded on any regulated market of any stock exchange. Currently the
management board of PETROTEC AG is expecting the shares not to be traded
any more on any regulated market six months after the revocation decision
of the Frankfurt Stock Exchange has been published.

Disclaimer

This corporate news contains forward looking statements, which are based on
assumptions and estimates of the management of Petrotec AG. Although
Petrotec management believes that these assumptions and estimates are
correct, actual future developments and results can deviate substantially
from these assumptions and estimates due to many factors. These factors can
include alteration of the economic situation, legal and regulatory
constraints in Germany and the EU, and changes in Petrotec's general
business and competitive environment. Petrotec assumes no liability and
provides no warranty that future developments and actual future results
will conform with the assumptions and estimates expressed in this corporate
news.

 

About Petrotec

Petrotec AG, Germany, is the largest European producer of waste-derived
biodiesel, mainly based on used cooking oil. The Company owns an overall
nominal production capacity of 185,000 tons per year at two locations in
Germany. Petrotec runs a vertically integrated business model including own
collection of used cooking oil from more than 15,000 collection points,
treatment and refining of the raw material up to the technologically
demanding production of waste-based biodiesel. The Company sells its
biodiesel primarily to large mineral oil companies in northwest Europe. The
usage of waste based biodiesel enjoys a preferential double counting scheme
granted by major EU countries as part of the mandatory blending quotas.
Petrotec's EcoPremium biodiesel provides significant environmental and
climate advantages with the highest CO2 emission reduction of 85% (compared
with fossil diesel) amongst all biofuels approved by the EU Renewable
Energy Directive (2009/28/EC). Since its IPO in 2006, Petrotec cleaned more
than 800,000 tons of waste and saved over 2.5 million tons of CO2
emissions. Petrotec is a public listed company (ISIN DE000PET1111) in the
regulated market of Frankfurt Stock Exchange, in the Prime Standard
segment, complying with high international transparency standards. It has a
capital stock of 24,543,741 Euro, equaling 24,543,741 shares. As at balance
sheet date Dec. 31st, 2014, the main shareholder is REG European Holdings
B.V., Netherlands, with a stake of 69 %, free float is approx. 18 %. In the
business year 2014 (Jan. 1st to Dec. 31st) Petrotec reached sales of EUR
167.2 mill. and generated an EBIT of EUR -2.2 mill. and a net loss of EUR
-3.8 mill. The Company employs about 105 employees.

 

Press contact

 
Petrotec AG
Vera Berlin
Investor Relations 
Tel.: +49 (0) 2862 910080
ir@petrotec.de

 

End of ad hoc notification


20.03.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      PETROTEC AG
              Fürst-zu-Salm-Salm-Str. 18
              46325 Borken-Burlo
              Germany
Phone:        +49 (0)2862 9100 19
Fax:          +49 (0)2862 9100 99
E-mail:       info@petrotec.de
Internet:     www.petrotec.de
ISIN:         DE000PET1111
WKN:          PET111
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated
              Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
              Stuttgart
 
End of Announcement                             DGAP News-Service
 
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