DGAP-News: Free float of Cherry shares increases with diversification of shareholder structureEQS
Im Artikel erwähnte Wertpapiere: Cherry I
DGAP-News: Cherry AG
/ Key word(s): Miscellaneous
Free float of Cherry shares increases with diversification of shareholder structure
Munich, 16 September 2021. The investor GENUI GmbH has notified Cherry AG, a global innovation and quality leader in the manufacture of premium mechanical gaming switches and peripherals for gaming, office and industry as well as healthcare and security applications, of the sale of its remaining approximately 12.5% of shares in the company. The shares were sold through a secondary market to several institutional investors.
The sale of GENUI further diversifies Cherry's shareholder structure following the IPO. Thus, only slightly more than 30% of the shares in the company are now held by the investor Argand Partners and around 5% by members of the Management Board and Supervisory Board are affected by lock-up agreements, which significantly simplifies the public tradability of the remaining almost 65% of all shares in the company.
Rolf Unterberger, CEO of Cherry: "We have greatly appreciated GENUI's partnership and strategic advice since the first investment in 2016. Over the past five years, we have succeeded together in further strengthening the Cherry brand and bringing a highly profitable and innovative company to the stock exchange. We now look forward to cooperating with our existing and new investors as we work together to take the next steps in our growth."
Bernd Wagner, CFO of Cherry, adds: "GENUI's step puts our shareholder base on a broader footing and makes it easier for new investors to become shareholders. The tradable share of Cherry currently increases to almost 65%, so that we expect improved trading liquidity in the future. Furthermore, the increased free float brings us a good deal closer to our goal of an SDAX listing with Deutsche Börse."
Cherry has its operational headquarters in Auerbach in Germany's Upper Palatinate region and currently employs over 500 people in production facilities in Auerbach, Zhuhai (China) and Vienna (Austria) as well as in several sales offices in Auerbach (Germany), Paris, London, Kenosha (USA), Taipei and Hong Kong.
More information https://www.cherry-world.com/
Phone: +49 611 205855 - 26
16.09.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||1233789|
|End of News||DGAP News Service|