The following requirements should be met by a company requesting admission to the EN.A. Market:  

• Minimum Equity of € 1,000,000 at the time of approval of shares trading.

• Last two fiscal years' financial statements published (audited by a Chartered Auditor).

• Last financial statement prepared prior to admission, drawn up according to IAS/IFRS.

• A company must have been tax audited for all fiscal years except for the last two (2) recently published.

• Admission to trading is also permitted for loss-making companies, if the said losses do not exceed 50% of own capital.

• The minimum accepted Free Float is 10%, distributed to at least fifty (50) persons, none of whom should hold more than 2%. Then within a period of 6 months from the company's admission to EN.A., the Free Float should reach at least 15%. 

• The existence of a nominated adviser is mandatory both at the time of approval of trading, as well as for the two (2) years following such approval.

• Company's shares must be freely negotiable. The listing application must concern the total number of a company's shares of the same type.

• The legal status of the company must conform to the laws and regulations in which it is subject to, with regard to its establishment and Articles of Association.

• Corporate governance is not mandatory but required as best practice.

• Always an Information Memorandum should be submitted to ATHEX.