Star Group - Dual lists on the Frankfurt Stock Exchange

Star Group - Dual lists on the Frankfurt Stock Exchange

Stargroup Limited (ASX:STL) has dual-listed its shares on the Frankurt Stock Exchange as way of increasing exposure to European investors. European investors will be able to trade Stargroup shares in their own time zone. The shares will trade under the stock ticker "S33"


HIGHLIGHTS

  • Stargroup completes Frankfurt Stock exchange listing
  • Dual listing enables Stargroup’s growing number of European shareholders to buy STL shares in their own time zone
  • Provides impetus to the investor interest in Stargroup coming from Europe

Stargroup Limited (ASX : STL) (Stargroup or The Company), a Perth based financial technology company, is pleased to announce that it has listed its ordinary shares on the Frankfurt Stock Exchange and Stargroup’s Stock Code in Europe is “S33”.

Commenting on the dual listing on the Frankfurt Stock Exhange, Stargroup’s Chief Executive Officer and Executive Chairman said: “Listing Stargroup in Europe provides the Company with access to larger and deeper pools of capital, continues to raise the profile of the Company’s growing technology business, and enables the formation of strategic relationships that will help further expand our target market, globally. It enables our growing number of European shareholders to buy STL shares in their own time zone.”

“We recently announced a five year EFTPOS distribution deal with West International AB, a public company listed on the Swedish Stock Exchange to distribute EFTPOS terminals in Australia and New Zealand. Most importantly, this enables the Company to control the source code and regional customization of the software within the terminals in region, giving Stargroup an edge in a number of merchant sectors.”

“We own an 11.28% interest in NeoICP Korea Inc, a private South Korean company that is a global leader in cash management and cash handling solutions and they currently distribute in China, Sri Lanka, Malaysia, Cambodia, Turkey, Australia, New Zealand and also South Africa and have signaled their intentions to list on an exchange”.

“Whilst we have overseen a significant transformational year at the Company, we intend to further expand our business, and this includes leveraging our existing relationships to globally expand our operations”.

To view the full announcement, please click here.

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