The Board of Directors of aventron AG has decided to discontinue listing on the BX Swiss and to ensure that the company’s shares will in future be traded off-exchange via the platform of the Berner Kantonalbank (www.otc-x.ch). The last trading day on the BX Swiss is 14 February 2020.
The board of directors has decided for a change of trading platform for the following reasons:
- Institutional investors in particular have participated in the capital increases of recent years. In addition to the energy suppliers Primeo Energie, Energie Wasser Bern and Stadtwerk Winterthur, infrastructure investors such as UBS Clean Energy Infrastructure and Reichmuth Infrastruktur Schweiz are among the largest shareholders of aventron AG.
- aventron intends to continue growing, from around 540 megawatts today to 750 megawatts by the end of 2023. In order to secure the capital required for this expansion, the company will continue to be dependent on the interest of external financial investors in the future.
- For institutional investors looking for an investment in infrastructure, the listing of securities on a stock exchange is not a necessity – on the contrary: the short-term volatility of the stock market contrasts with typical long-term infrastructure investment, which are less correlated with general market sentiment.
- The trading volume on the BX Swiss was very low due to the fact that the majority of shareholders invested for the long term. Only a about 5% of shares are held by small shareholders.
The BX Swiss has approved the request of aventron AG, subject to certain conditions, to maintain trading on the BX Swiss until 14 February 2020 and to delist the shares on this date.
Shareholders who wish to sell their shares due to the delisting may do so until that time via the BX Swiss stock exchange. After the delisting, private investors will be offered a comparably liquid platform in the form of the OTC trading at BEKB OTC-X. Professional market making by the Berner Kantonalbank will ensure minimum liquidity in over-the-counter trading.
The Board of Directors will continue to report regularly on the course of the business.