Press release:
WeGrow AG: Successful listing on the open market of the Düsseldorf Stock Exchange

Tönisvorst, 27 September 2024 – WeGrow AG, Europe’s leading sustainable kiri wood producer, is celebrating its stock market debut. Today, all 14,274,799 bearer shares (ISIN: DE000A2LQUV1, WKN: A2LQUV) of the company were successfully included in trading on the open market of the Düsseldorf Stock Exchange. The fact that the shares are now tradable enables investors to participate in the WeGrow Group’s green business model. With its three business divisions Plants (plant breeding and production), Timber Farming (sustainable timber production) and Timber Products (timber processing and trading), WeGrow covers the entire value chain of resource-conserving timber management for the kiri tree, probably the fastest growing tree in the world. In this way, WeGrow contributes to increasing the global timber supply: sustainably, quickly, non-invasively and outside of forests.

Allin Gasparian, CEO of WeGrow AG: ‘With the successful listing, we are opening another exciting chapter in our company’s history. Our stock market debut is part of our long-term growth strategy, as it provides us with important access to the capital market. The resulting flexible financing options and our increasing brand awareness will open up additional attractive growth opportunities for the WeGrow Group. We are also confident that the stock market listing will expand our investor base.’

Mrs Allin Gasparian, founder and CEO of WeGrow AG, currently holds 37.32% of the shares indirectly. Mr Peter Diessenbacher, founder and Chief Technical Officer of WeGrow AG, directly holds 37.30% of the shares.

Key data on the WeGrow share

About WeGrow AG

The company WeGrow was founded in 2009 by agricultural engineer Peter Diessenbacher and economist Allin Gasparian. During their student days at the University of Bonn, the two founders discovered the extremely fast-growing kiri tree in the university’s botanical garden. With their first own kiri tree variety, NordMax21®, the two succeeded for the first time in successfully cultivating the kiri tree for sustainable timber production in Germany. What began under the pitched roof of Diessenbacher’s student flat has since developed into the market-leading company in the field of sustainable kiri wood production in Europe. With customers in 47 countries on 5 continents, WeGrow has successfully positioned itself beyond the borders of Europe.