After six years on the exchange: Rocket-Internet-shareholders publicly agree to retreat

After six years on the stock exchange
Rocket Internet shareholders agree to exchange retreat

The Start-up Investor Rocket Internet is allowed to go from the stock market. At the annual General meeting on Tuesday, a majority of 81 percent of the share capital voted in favour of the step, said the former MDax-listed group.

The group plans to shareholders, your share certificates to purchase from the 18,57 EUR directly.

The shareholders also approved an authorization for a share repurchase program of up to 10 percent of the purchase of the share capital. Following the General meeting, Rocket Internet announced that this decision to apply and want to 8,84 percent for up to 18,57 per share on the stock exchange to buy. Thus, the shareholders should be given the opportunity to sell their shares prior to the completion of the Delisting buyback offer to the company, it said. The program will start on Thursday, and no later than 15. November ends.

Rocket had announced in early September that they wanted to retreat to after a good six years of the exchange. The capital markets have lost as a financing option for the company is important. Around half of Rocket Internet, the Samwer brothers, mostly through the vehicle of Global Founders GmbH. These shares will not be tendered. The group holds 1.9 billion euros, enough cash to complete the buyback of the remaining own papers.

Rocket Internet, founded or invested in Internet and technology companies. Many of his current and past investments are now listed on the stock exchange, as the cook boxes the shipper Hello fresh and the food delivery service Delivery Hero.