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GXI — Gerresheimer AG News Story

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Gerresheimer shares plunge after FY results delay due to audit probes

** Shares in Gerresheimer GXIG.DE slump around 20% in pre-market indications after the German medical equipment maker delayed FY results to June, due to ongoing probes by an external auditing firm into its business transactions

** A local trader says the delay is expected to lead to the stock's exclusion from the Germany's small-cap index .SDAXI and pushes back the Q1 report and the annual general meeting

** "Disastrous news flow continued. Hang on for more... not investible," the trader adds

** The stock, which has lost 28.2% YTD, is seen at the bottom of SDAX

(Reporting by Ozan Ergenay)

((ozan.ergenay@thomsonreuters.com))

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