Linklaters has advised elexis AG on a delisting – the planned removal of listed securities from the stock exchange. Up to now, elexis has been listed on the Regulated Market (General Standard) of the Frankfurt Stock Exchange, which has revoked the admission of the elexis AG shares in accordance with the company’s application. The revocation takes effect with the expiry of 3 October 2014.

With the application, the considerably decreased trading volume of the elexis shares was taken into account and use was made of the possibility created by the Federal Court of Justice (Bundesgerichtshof – BGH) in October 2013 to implement the revocation of the admission of the shares to trading on the regulated market at the company’s request with no previous shareholder resolution or a take-over offer to the shareholders.

The German engineering company elexis is a technology leader in factory automation, drive engineering and quality assurance. The internationally active company is based in Wenden and has generated a (net) turnover of 171.7 million euros in 2013.

A Linklaters team led by Dr Nikolaos Paschos and Kristina Klaaßen (both Corporate, Düsseldorf) advised on the transaction. The team also included Sebastian Goslar (Corporate, Düsseldorf), Ulli Janssen (Corporate/Capital Markets, Frankfurt) and Dr Alexander Jüngst (Corporate, Düsseldorf).