Company Stocks Trading to be Suspended Two Days Before Relocation
Starting from July 18, the stocks of “Shell Group” AD will be moved from the “Premium” segment to the new dual-listing segment EuroBridge Market on the Bulgarian Stock Exchange (BSE), as indicated by a statement on the exchange’s website.
Due to the relocation and in order to reduce operational and reputational risks for the Eurosystem related to trading and settlement of transactions,
EuroBridge Market от 18 юли 2024 г. ще бъде определена в евро, като сделките ще се извършват в системата TARGET2-Securities (T2S). Търговията с акциите на “Шелли груп” АД ще бъде възобновена след двудневната пауза.
Trading of “Shell Group” AD Shares Temporarily Halted
As of July 16, 2024 (Tuesday), trading of “Shell Group” AD shares in euros has been temporarily suspended for two working days. It will resume on July 18 (Thursday).
The shares will be traded on the EuroBridge Market segment in euros, with settlement of transactions also conducted in euros through TARGET2-Securities (T2S).
Starting from July 18, 2024, buy and sell orders for the issuance should be entered in the trading system in euros. Any orders entered into the system before this date will be deleted.
The reference price of the issuance on the EuroBridge Market from July 18, 2024, will be determined in euros, with transactions taking place in the TARGET2-Securities (T2S) system. Trading of “Shell Group” AD shares will resume after the two-day pause.
EuroBridge Market: A New Opportunity for Companies
The Euro will be determined based on the closing price of the last trading session in leva, divided by 1.95583 and adjusted according to the instrument’s quoting step.
EuroBridge Market Introduction
The EuroBridge Market segment was introduced during an event organized by the Bulgarian Stock Exchange in early April. This segment allows companies to be dual-listed on both the Bulgarian Stock Exchange in Sofia and Xetra in Frankfurt. It was revealed at the event that “Shelli Group” will be the first company whose shares will be traded in this segment, as its shares are listed on the Frankfurt Stock Exchange and have the highest market capitalization.
Approval of Transfer of Emission to New Segment
The transfer of emission to the new segment was approved by the Board of Directors of BSE-Sofia at the end of April.
Stock Prices Surge for “Shelly Group” AD
In the past year, the stocks of “Shelly Group” AD have increased by over 160%, with the market capitalization rising to over 1.3 billion BGN.
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