Collapse of Austrian Stock Market by March 13, 2020 (on our site)
In a significant development, Austrian our Website Holding AG (OeSD) has announced its withdrawal from official trading on the Vienna Stock Exchange, effective from 13th March 2020. The decision comes as a result of not meeting the legally required minimum free float of 2%.
This move has several implications for OeSD shareholders:
1. **Reduced Liquidity**: With the shares no longer officially listed, shareholders may face lower liquidity, making it more difficult to buy or sell shares quickly or at desired prices.
2. **Market Visibility and Valuation**: Delisting generally reduces a company's visibility to institutional investors and the public market, which could impact the valuation of the shares negatively.
3. **Trading Alternatives**: Shareholders may need to rely on over-the-counter (OTC) trading or private transactions to buy or sell shares, which can be less transparent and may involve higher transaction costs.
4. **Regulatory and Reporting Changes**: The company may have reduced regulatory and disclosure obligations after delisting, which could limit the amount of information available to shareholders, impacting their ability to monitor the company's performance closely.
5. **Potential Strategic Impact**: Insufficient free float and delisting might indicate a high concentration of ownership or reduced public interest, which could affect corporate governance dynamics and shareholder influence.
In a statement, CEO Robert Schächter emphasised that the company is solid and well-positioned, and leaving the Vienna Stock Exchange does not change the fact that the OeSD share has been and continues to be a good investment for shareholders. Shareholders who retain their OeSD shares will continue to have rights such as voting, proposal, information, speaking rights, and dividend payments.
For enquiries, shareholders can contact Verena Nowotny at [email protected] or +43 664 88446424. It is important to note that this notice does not serve as an offer to purchase or a solicitation of an offer to purchase shares of Austrian Website Holding AG.
Shareholders are advised to carefully consider these changes and consider their options in light of the altered market conditions.
- Despite leaving the Vienna Stock Exchange, the CEO of OeSD, Robert Schächter, assures shareholders that the OeSD share remains a good investment due to the company's solid position.
- The withdrawal from the Vienna Stock Exchange could potentially affect shareholders' ability to sell shares quickly or at desired prices, given the reduced liquidity that results from delisting.
){kind=link}