06.03.2018
JOST Werke AG DE000JST4000
DGAP-News: JOST Werke AG: JOST admitted to the SDAX
DGAP-News: JOST Werke AG / Key word(s): Miscellaneous
JOST Werke AG: JOST admitted to the SDAX
06.03.2018 / 08:16
The issuer is solely responsible for the content of this announcement.
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JOST admitted to the SDAX
Neu-Isenburg, March 6, 2018. JOST Werke AG ("JOST"), a leading global
producer and supplier of safety-critical systems to the truck and trailer
industry, has been admitted to Deutsche Börse's SDAX index effective March
19, 2018. Deutsche Börse announced this decision on March 5, 2018, following
a meeting of the Stock Indices Working Group. The decision to include the
Company in the SDAX comes approximately seven months after JOST's successful
stock listing.
Lars Brorsen, Chief Executive Officer (CEO) of JOST Werke AG, said: "We are
delighted to be admitted to the SDAX. This move reflects the positive
development and fundamental strength of JOST. After our successful stock
listing last year, this is a major step towards significantly strengthening
JOST's presence on the capital markets and the attractiveness of our stock
for new investors. It provides us with clear motivation to push ahead even
further with our ambitious growth track."
The SDAX admission follows a substantial rise in the share price and
increased trading liquidity of JOST shares since the stock listing. Since
July 20, 2017, the Company's shares have been traded in the Prime Standard
of the Frankfurt Stock Exchange under securities identification number (WKN)
JST400 and International Securities Identification Number (ISIN)
DE000JST4000. At the end of January 2018, JOST's former majority
shareholders placed the majority of the remaining block of shares on the
market. Since then, 100% of the shares have been held in free float
according to the definition by Deutsche Börse.
The SDAX comprises the 50 largest German companies that rank below DAX30 and
MDAX stocks in terms of free float market capitalization and order book
volume.
Contact:
JOST Werke AG
Romy Acosta
Senior Manager Investor Relations
T: +49 (0)6102 295-379
[email protected]
About JOST: JOST is a leading global producer and supplier of
safety-critical systems to the truck and trailer industry. The Company
offers branded quality products clustered in three systems: Vehicle
Interface (focusing on products required to operate a commercial vehicle
combination of trucks and trailers such as fifth wheels and landing gears),
Handling Solutions (including container technology and hydraulic cylinders
products) and Maneuvering (focusing on truck and trailer axles and forced
steering). As the number one supplier of fifth wheels and landing gears
globally, JOST is the market leader for Vehicle Interface systems. JOST's
global leadership position is driven by the strength of its brands, by its
long-standing client relationships serviced through its global distribution
network as well as by its efficient and asset-light business model. The
Company's core brands "JOST", "Rockinger", "TRIDEC" and "Edbro" are
well-recognized in the industry and highly regarded for their quality and
continuous innovation. With its global distribution network and production
facilities in thirteen countries across five continents, JOST has direct
access to all major truck and trailer manufacturers and relevant end
customers. JOST currently employs about 2,700 staff worldwide.
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06.03.2018 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: JOST Werke AG
Siemensstraße 2
63263 Neu-Isenburg
Germany
Phone: +49 6102 2950
Fax: +49 (0)6102 295-298
E-mail: [email protected]
Internet: www.jost-world.com
ISIN: DE000JST4000
WKN: JST400
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Munich,
Stuttgart, Tradegate Exchange
End of News DGAP News Service
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660729 06.03.2018
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