News Release
Vantage Towers AG to enter MDAX and TecDAX
Moving up to the MDAX just six months after going public and three months in the SDAX Admission to TecDAX shows the technology sector’s relevance Increase in market capitalisation of 29.1% to EUR 15.7 billion since the IPO in March 2021
Düsseldorf, 6 September 2021 – Vantage Towers AG is a leading tower company in Europe with around 82,000 sites in ten countries. On Friday evening, after its quarterly review of index composition, Deutsche Börse announced that the company will be moving up from the SDAX to the MDAX effective on 20 September 2021, and that it will be admitted to the TecDAX at the same time. This development places Vantage Towers among the 50 largest listed companies in Prime Standard segment directly below the DAX 40 just six months after going public. Concurrent admission to the TecDAX reflects Vantage Towers’ shares being among the 30 largest German-listed technology shares. The company was only admitted to the SDAX in June of this year. Vantage Towers’ market capitalisation is currently around EUR 15.7 billion. Vivek Badrinath, CEO of Vantage Towers AG: “Moving up to the MDAX soon after our IPO reflects the capital market’s confidence in Vantage Towers’ positive business development and strong future prospects. Admission to the TecDAX additionally underscores our positioning as a 5G super host and one of the companies driving Europe’s digital transformation. For us, this is an additional incentive to continue pursuing our ambitious vision.” The Vantage Towers share was first listed in the Frankfurt Stock Exchange’s Prime Standard segment on 18 March 2021. When the regular index review took place on 3 June 2021 it was admitted to the SDAX. Deutsche Börse’s new qualification criteria were applied to the most recent review of DAX index composition, with the decisive factor being the market capitalisation of free float. Vantage Towers not only satisfied the stringent reporting and transparency requirements applied in the review on 3 September 2021, but also met all qualification criteria for MDAX entry and TecDAX admission in just six months after its IPO. Since the initial listing the Vantage Towers share has gained more than 29.1%.
About Vantage Towers Vantage Towers is a leading tower company in Europe with around 82,000 sites in ten countries, connecting people, businesses and devices in cities and rural areas. The company was founded in 2020 and is headquartered in Düsseldorf. Vantage Towers has been listed on the Deutsche Börse’s Prime Standard Index in Frankfurt since 18 March 2021. On 20th September the company will be moving up to the MDAX and be admitted to the TecDAX. Vantage Towers’ portfolio includes towers, masts, rooftop sites, distributed antenna systems (DAS) and small cells. By building, operating and leasing this passive infrastructure to mobile network operators, Vantage Towers is making a significant contribution to better connectivity and the sustainable digital transformation of Europe. For more information, please visit our website at www.vantagetowers.com, follow us on Twitter at @VantageTowers or connect with us on LinkedIn at www.linkedin.com/company/vantagetowers.
Contacts for further information Investor Relations : Media Relations: [email protected] Dr Sarah Rötzer | +49 172 2000038 | [email protected]
Registered office: Vantage Towers AG, Prinzenallee 11-13, 40549, Düsseldorf, Germany. Düsseldorf Local Court, HRB 92244.