The alternative marketplace in the Nordic region will open first in Denmark for Danish companies. The marketplace has been approved by the Danish Financial Supervisory Authority and will be set up by the Copenhagen Stock Exchange on December 12, 2005.
The final concept and rules are now available following the conclusion of the consultation period, and thus the entire infrastructure of the alternative and new marketplace in Denmark has been finalized in detail.
“We have received many favourable and constructive comments from our stakeholders, who have contributed positively, which has meant that we have now achieved a marketplace set-up that is just right”, says Jan Ovesen, Deputy President of the Copenhagen Stock Exchange.
Compared with the consultation document of October 5, 2005, the Copenhagen Stock Exchange has made specific adjustments in relation to the role of the Approved Advisor and the internal rules for the company’s trading in own shares. Furthermore, trading halts in a company’s shares at the time when the company issues information have been introduced.
The tasks of the Approved Advisor have been specified, and the rules have been adjusted so that it appears more clearly that the company must draw up internal rules for trading in its own shares.
The alternative marketplace is kicked off on December 12 in connection with an opening event held in the Danish Design Centre, which begins at 15:30. The Copenhagen Stock Exchange will present the concept including the players that will be active on the market from the start. Kristian Jensen, Danish Minister for Taxation, will open the marketplace at the event.
The rules of the alternative marketplace will from tomorrow be available at www.omxgroup.com/copenhagenstockexchange under ‘About the stock market’ and then ‘Alternative marketplace’.
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