Termination of Trading of HanseYachts Shares on Frankfurt Stock Exchange


Mar 12, 2024

Majority shareholder Aurelius issues acquisition offer for free float

After HanseYachts AG closed the first half of its current financial year with record figures, the company will end trading of its shares on the regulated market of the Frankfurt Stock Exchange in order to further increase its profitability.

This relief measure proposed by the management board of HanseYachts AG has the full support of the Aurelius Group, which is the company’s major majority shareholder with a stake of 79.4 percent of the share capital.

As part of the termination of trading on the Frankfurt Stock Exchange, HY Beteiligungs GmbH, an Aurelius Group company, is offering the shareholders of HanseYachts AG to purchase the company’s shares at the weighted average domestic stock exchange price of the company’s shares over the last six months, as determined by the German Federal Financial Supervisory Authority (BaFin).

“We are very pleased about this demonstration of confidence from our majority shareholder Aurelius and about the fact that the strong partnership with HanseYachts is to be further expanded with the purchase offer for the free float shares. At the same time, we expect to save more than half a million euros a year by cancelling the stock exchange listing and significantly relieve our administration of reporting obligations that do not contribute to HanseYachts’ profitability. We can now invest the valuable resources freed up by this step in the development of new yacht models and thus in strengthening and expanding our market position,” says Hanjo Runde, CEO of HanseYachts AG.

Admission to trading on the regulated market is associated with considerable unproductive financial and personnel burdens for HanseYachts. These include extensive reporting obligations and time-consuming publication requirements. In addition, following the revocation of the stock exchange admission, the effort involved in preparing the financial statements will be greatly reduced and their audit will be considerably simplified.


Related Posts

Vote for Dorothy, BC’s Iconic Sailing Yacht, in the Classic Boat Awards 2024


You are invited to support an historic, recently restored and refitted BC sailboat, Dorothy, by voting for her in a contest, the Classic Boat Awards 2024, run by the UK’s prestigious Classic Boat Magazine. The Maritime Museum of BC (MMBC), owner of this sleek, wooden vessel built in 1897, believes she’s the oldest sailboat in Canada. As she isn’t the only classic yacht in the running, you’re urged to go online and vote for her in the category of Restored Sailing Vessel under 40ft.

Read More

Need to Catch up on News This Week?

Every Tuesday we publish a fresh Digest with informative articles pertaining to the Canadian boating and marine industry. Stay up to date with the latest products, research and industry developments.

Missed an Issue of Boating Industry Canada News Week? If you’re looking for a specific issue, or simply want to catch up on previous issues, check out our Boating Industry Canada News Week Archives.

Not signed up for News Week? Subscribe here.

Even more BALIs at BALI

CATANA GROUP launches its 14th BALI CATAMARANS model, the BALI 5.8, for the brand’s 10th anniversary! Always bigger, always more powerful, always more… BALI!

This time, the new BALI 5.8 is completing the range from the top down.

Read More

Water heater offers dynamic heat source choices

Hubbell-Marine Stainless steel outlet covers
Hubbell-Marine Stainless steel outlet covers

After a long day on the water, having ample supplies of hot water for multiple showers and meal preparation is a welcome luxury. The 1700 Series Marine Water Heater from Raritan Engineering was created specifically for marine use. With a proven long-life design, it’s available with a 115V AC or 240V AC heating element, and the option to include an innovative heat exchanger that uses the vessel’s hot engine coolant.

Read More