Stock Markets Steering Committee of Hellenic Exchanges - Athens Stock Exchange


 

1st March 2023

 

Stock Markets Steering Committee of Hellenic Exchanges - Athens Stock Exchange

 

The Stock Markets Steering Committee of the Athens Stock Exchange (ATHEX) in its today's session, approved the amendment of ATHEX SMSC Resolution No 22 regarding the trading of shares with a free float less than ten percent (10%) of the total common shares of a listed company, as follows:

  • The share price trading limits are set at ±10% of the share starting price, regardless: (i) of its stock liquidity class, and (ii) of the existence of Market Makers for the share
  • The determination of the closing price will be realized through the Enhanced Method by checking the significant trade value, as described in par. 2.1.9.2.1 (C) of the ATHEX Rulebook,
  • The static limit of the Automatic Volatility Interruption Mechanism (AVIM) does not apply for such shares.

The aforementioned changes in the ATHEX SMSC Resolution 22 will apply as of Monday, March 6, 2023. This decision will be implemented on March 6th, 2023, through a review taking into consideration the free float data of the listed companies with reference date Thursday, March 2nd, 2023, EOD (end of day). Thereafter, regular reviews, will take place each calendar quarter according to the relevant regulatory provisions.

 

 

Download the Press Release

 

 

 

 

About Athens Exchange Group

The Athens Stock Exchange since its establishment in 1876, consistently participate in the financial and business developments in the country.

Athens Exchange Group (ATHEX Group), provides support to the Greek Capital Market. ATHEX Group operates the organized Equities and Derivatves markets, the alternative market and performs clearing and settlement of trades.

The Athens Stock Exchange, through its markets, offers solutions and financing tools to businesses, expands investor choice by providing a safe, stable and easy environment in full alignment with international practices and the European regulatory framework. It has held the ISO 22301:2012 international standard for Business Continuity, for all its companies, including all its operations as well as the products & services it provides.

In a period that the role of stock markets in exploring alternative ways of financing business, at a European level, is significantly enhanced, the Athens Exchange Group has taken a series of initiatives to highlight the attractiveness of the Greek Capital Market and the Greek companies to the international investment community and expand the variety of investment opportunities.

Its shares are traded on the Main Market of the Athens Stock Exchange (Symbol: EXAE).

The profiles of the ATHEX Group and its markets can be downloaded from the link. More information can be found in the website www.athexgroup.gr.