Price Rises On The Copenhagen Stock Exchange Result In Smaller Round Lots

The Copenhagen Stock Exchange reduces the trading lot size for 48 shares, 33 listed investment certificates and 5 investment certificates on the XtraMarked as a consequence of rises in stock prices in the first half of 2005. Four shares and one investment certificate on the main market and the XtraMarket, respectively, will see an increase in the trading lot size. The changes enter into effect on 1 July 2005.

Two KFX constituents, Group 4 Securicor and William Demant Holding, will have the size of their round lots reduced as a result of price rises, while this will be the case for 46 small and medium-sized shares. The Exchange’s KFMX Index has gained 25 per cent in the first half of 2005, and the KFX Index has gained 18 per cent.

The changes are a part of the Exchange’s ordinary biannual review of the trading lot sizes on the basis of the development in the prices of the individual securities. The round lot sizes are calculated on the basic of the closing prices from June 27, 2005. The Exchange aims at a lot size equivalent to approx. DKK 20,000 for KFX shares and approx. DKK 10,000 for other shares and investment certificates.

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