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The Supervision Committee of the Mercado Alternativo Bursátil (MAB) has announced the listing of Negocio on the Growth Companies segment of this market, following a thorough review of all the information presented by the company and after the favourable assessment report on its listing issued by MAB’s Coordination and Admission Committee.
The company’s listing is scheduled to take place next Monday, June 7th, under the trading code NEG. Trading will be through a price setting mechanism which will match buy and sell orders by means of two daily auction periods or “fixings”, at 12 hrs and at 16 hrs. The special characteristics of the companies that are to be listed on this segment of MAB make it necessary to have a Liquidity Provider that boosts their shares’ liquidity, in this case Credit Suisse Securities.
The aim of the Liquidity Providers is to promote the transactions’ liquidity, achieve a sufficient level of trading frequency and reduce price changes not associated with market trends.
ONEtoONE Capital Partners is acting as Negocio’s Registered Adviser. This figure is key as every company must have one of these firms, which will assess the eligibility of candidate companies to list on the Market and will assist them to produce the information required at anytime. Their functions will be, among others, to help companies to comply with information requirements and check that they do so, revise the information they present and answer any questions put to them by the MAB market regarding issuers, their activity and the achievement of their goals.
Negocio will become the fifth company to list on the Mercado Alternativo Bursátil (MAB).
