The Stock Indices Working Group of Deutsche Börse AG decided at its regular three-monthly meeting that the MVV Energie AG share should leave the SDAX as of 23 December 2013.
We naturally regret this decision, which lay outside our control. Having said this, the possibility of this development arising was apparent for several quarters. This was due to the consistent reduction in our share’s stock market turnover given low free float volumes. Stock market turnover with a given share is one of the key criteria determining stock index composition. The low volume of free float trading is due to several of our larger shareholders acquiring shares on the stock market and pooling these into packages in recent years. These shares are then no longer available for free float trading.
This decision has no impact on our stock market listing or on our financial market reporting obligations. Given our earnings strength and our sustainability and profitability-based strategy, we are nevertheless convinced that our share will remain attractive for long-term investors in future as well.