Marudai Food Co., Ltd. Announces Formal Consultations for Delisting from the Frankfurt Stock Exchange

Marudai Food Co., Ltd. (Tokyo Code: 2288), in a press release dated February 20, 2024, has announced that it has initiated formal consultations with the Frankfurt Stock Exchange regarding the delisting of its shares from the regulated market. The company justifies this decision due to the very limited trading volume of its securities on the German market, believing that maintaining the listing would not offer significant economic benefits. This move is expected to have minimal impact on shareholders and other investors.

However, Marudai Food Co., Ltd. has stated that it will continue to maintain its listing on the Tokyo Stock Exchange. The company has communicated its intention to delist from the Frankfurt Stock Exchange and has started the required formal consultation process. It anticipates approval from the board of directors of the Frankfurt Stock Exchange for the delisting. Marudai Food is committed to promptly informing the public of any significant developments in this matter.