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STS Group AG submits application to change within Regulated Market from Prime Standard to General Standard

2020| May| 15
Financial News
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DGAP-News: STS Group AG / Key word(s): Miscellaneous
15.05.2020 / 12:02
The issuer is solely responsible for the content of this announcement.

STS Group AG submits application to change within Regulated Market from Prime Standard to General Standard

- The measure is part of a large cost reduction program due to COVID-19

- STS Group will continue to fulfil high transparency requirements of the regulated market

- Unrestricted trading of STS shares remains

Hallbergmoos/Munich, May 15, 2020. The Management Board of STS Group AG (ISIN: DE000A1TNU68) with the approval of the Supervisory Board, today applied to the Management Board of the Frankfurt Stock Exchange pursuant to Section 57 of Exchange Rules of the Frankfurt Stock Exchange for the revocation of the admission of the company's shares to the sub-segment of the regulated market with additional post-admission requirements (Prime Standard). The revocation shall not affect the admission of the shares of STS Group AG to trading on the regulated market of the Frankfurt Stock Exchange (General Standard).

This measure is part of a large cost cutting program adopted by the global system supplier for the automotive and commercial vehicle industry in response to the COVID-19-related declines in revenue. The change of the stock exchange segment serves to reduce additional expense associated with the listing in Prime Standard with regard to reporting and publication requirements. This measure enables the company to reduce the costs of stock exchange listing and to use existing resources more efficiently and in a more targeted manner. At the same time, STS Group AG will continue to fulfil the high transparency requirements of the regulated market and plans to continue to keep the capital market regularly informed about its business development. Even after the change of segment, the shareholders of the Company will still have unrestricted trading opportunities in STS shares on the regulated market of the Frankfurt Stock Exchange.

The withdrawal of the listing becomes effective three months after the publication of the withdrawal decision by the Management Board of the Frankfurt Stock Exchange on the internet (www.deutsche-boerse.com).


About STS Group:
STS Group AG,www.sts.group(ISIN:DE000A1TNU68), is a leading system supplier to the automotive industry with a focus on solutions in the acoustics, thermal and structural engineering sectors. It employs more than 2,500 people worldwide and generated revenues of 362.8 mEUR in the financial year 2019. The STS Group ("STS") produces and develops plastic and acoustic components such as solid and flexible vehicle and aerodynamic trim, noise and vibration-damping materials, entire interior and exterior trim systems, as well as lightweight construction and battery components for electric vehicles at its 17 plants and four development centres in France, Italy, Germany, Poland, Mexico, Brazil, China and, in the future, also in the USA. STS is considered as a technology leader in the manufacture of special acoustic products, plastic injection moulding and components made of composite materials (Sheet Molding Compound - SMC). STS has a large global footprint with plants in four continents. The customer portfolio comprises leading international manufacturer of commercial vehicles, passenger cars and electric vehicles.

STS Group AG
Stefan Hummel
Head of Investor Relations
Zeppelinstrasse 4
85399 Hallbergmoos
+49 811 1244 9412
ir@sts.group
www.sts.group

Contact for financial and business press
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
+49 89 125 09 03-33
sh@crossalliance.de
www.crossalliance.de



15.05.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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IR Contact

Stefan Hummel
Head of Investor Relations
P+49 811 124494 12