Athens Exchange approved various amendments in the institutional framework of the Alternative Market (EN.A) of ATHEX
Board of Directors of the Athens Exchange approved various amendments in the institutional framework of the Alternative Market (EN.A) of ATHEX
On the occasion of the efforts being done at a European Commission level, in support of the Medium and Small Enterprises regarding the capital raising through Multilateral Trading Facilities (MTFs) and wishing at the same time to incorporate improvements from the experience of the first years of operation of the Alternative Market (EN.A), the Board of Directors of the Athens Exchange, approved during yesterday's session, various amendments in the institutional framework (Rules of Operation and Resolutions) of the Alternative Market (EN.A) of ATHEX.
These amendments, inter alia provide pricing incentives for the gradual expansion of the free float of the companies listed on EN.A, enable the use of a new service of ATHEX, the Electronic Book of Offers, both at entry and during the presence of the company in EN.A, give the potential to newly established companies willing to acquire the capacity of the Nominated Advisor on EN.A and allow the creation of different distinguished trading categories in EN.A., according to the companies' main activity, such as environment-friendly activities, in order to reinforce the financing of investments in crucial sectors of the Greek economy. Meanwhile and in order to facilitate both investors and listed companies, the BoD decided to equate the duration of the ATHEX trading session for EN.A. with the one of the Main Market of ATHEX.