On 10 December 2014, Württembergische Lebensversicherung AG announced that it would apply to the Baden-Württembergische Wertpapierbörse in Stuttgart for a delisting of its shares from the regulated market. The exchange has now approved this application and revoked the listing. The revocation will take effect at the end of the day on 7 July 2015. The reason for the decision to delist is that the economic benefits of having Württembergische Lebensversicherung AG listed on the exchange no longer justify the effort and expense associated with this. In connection with the delisting, W&W AG made a voluntary public tender offer to the minority shareholders of its subsidiary to purchase their shares. W&W AG holds nearly 95 per cent of the shares in Württembergische Lebensversicherung AG, the free float amounts to around 5 per cent.