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The First Slovenian Capital Markets Day In Frankfurt

Date 24/05/2006

The Ljubljana Stock Exchange will host a Slovenian Capital Markets Day at Bloomberg offices in Frankfurt on Thursday, 1st June 2006. The event has been planned to introduce six leading Slovenian companies to the international investment community and explain developments in the Slovenian capital markets. The Capital Markets Day will be the first time that the most prominent issuers on the Ljubljana Stock Exchange (LJSE), have presented themselves to the investment community in Frankfurt on such an event. The participating companies are:
  • GORENJE
  • INTEREUROPA
  • KRKA
  • LUKA KOPER
  • MERCATOR
  • MERKUR
Mr. Marko Simoneti, PhD, President & CEO of Ljubljana Stock Exchange, said:

"After joining the European Union and introducing Euro in January 2007, we expect that the high growth rates of the Slovene economy will continue in the future. The economy’s close ties with the rapidly developing region of South-Eastern Europe will further dictate the fast pace of growth on the Ljubljana Stock Exchange, with the successful implementation of economic reforms enabling the Slovene companies to turn their potentials to their best advantage. The Ljubljana Stock Exchange will benefit from privatisation in banking, insurance and telecom sectors, which will strengthen the most presitigous trading segment, the Prime market?

THE EXCHANGE
The Stock Exchange will also make improvements to its markets to maximise the impact of these reforms in encouraging portfolio investments:

1. Prime Market
The Prime Market caters for the most prestigious Slovene companies that meet the liquidity criteria of LJSE. Prime issuers are also bound to adhere to the highest disclosure standards, informing the domestic as well as the international public of their business operations. Since its introduction in november 2005, the liquidity of the shares listed in prime market increased by 82.8 per cent, as measured in turnover, and by 42.8 per cent, as measured in number of trades.

2. System of liquidity providers
In the beginning of 2006 LJSE introduced the trading system with liquidity providers ensuring extra liquidity for traded shares, which is intended to enhance the overall Stock Exchange liquidity and thus also lower the transaction costs for investors.

3. Introduction of new products
The Slovene capital market will benefit from the wider European dimension also through the introduction of several new financial instruments. 2006 will therefore see the beginning of trading in interesting financial products enabling the issuers to purchase the exposure on a certain segment of the Slovene market (ETF, investment certificates).

Background Information