OTI Greentech AG to Delist from Düsseldorf Stock Exchange

On December 30, 2024, OTI Greentech AG announced its decision to delist from the open market of the Düsseldorf Stock Exchange. The decision was made following a joint meeting with the company's Supervisory and Management Boards. OTI Greentech cited that the costs associated with maintaining its listing outweighed the economic benefits, prompting this move.

The delisting process will be initiated with an application to BÖAG Börsen AG. Per the exchange's terms, the delisting will become effective six months after the application is submitted, with trading of OTI Greentech's shares expected to cease by June 30, 2025.

This strategic decision aims to reduce the company's administrative and cost expenses, optimizing financial management as it moves forward.