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Today, the Scotty Group SE, a communications technology company, will start trading on the Third Market of the Vienna Stock Exchange. Currently, Scotty Group SE is also traded on the Alternative Investment Market (AIM) of the London Stock Exchange.
Birgit Kuras, member of the management board of Wiener Börse AG, is very pleased about another "repatriate" to the Vienna Stock Exchange: "Domestic companies listed on the Vienna Stock Exchange receive much more recognition from investors, analysts and the media. In total, eleven Austrian companies have returned to their home market since 2003 after having been listed on foreign exchanges."
Trading in financial instruments on the Third Market operated as a Multilateral Trading Facility (MTF) does not require any formal admission procedures to exchange trading. The requirements of the Stock Exchange Act regarding the admission of financial instruments to trading on a regulated market and the obligations of issuers do not apply to financial instruments traded on the Third Market; however, the bans imposed by § 48b and §38c Stock Exchange Act apply.
