(Vienna) After carrying out a capital increase, Biogena Group Invest AG is uplisted into the direct market plus. Representatives of the Biogena Management team opened the trading day by ringing the stock exchange bell. The Austrian company, headquartered in Salzburg, was admitted to continuous trading on the Vienna Stock Exchange for the first time in fall 2020; the initial listing took place on 27 November 2020 in the entry segment direct market. The business activity of Biogena Group, in which Biogena Group Invest AG is a shareholder, is the development, production and marketing of science-based premium micronutrient preparations based on the pure-substance principle, as well as being a reliable knowledge and service partner in the field of health, nutrition and well-being. The main focus of the Austrian micronutrient pioneer with its claim to state-of-the-art research and radical quality lies in particular in the areas of iron, mineral and osteoporosis product innovations in use for therapy support and prevention, as well as new integrated solutions in the area of workplace health promotion and diagnostics.
"The successful capital increase reaffirms that the initial listing on the Vienna Stock Exchange was the right step for us as a company. We were able to welcome numerous customers as investors, who care about health and well-being as much as we do. Hence, we are very pleased about the uplisting to the direct market plus, which will give us even greater visibility among shareholders.", says Stefan Klinglmair, CEO of Biogena Group Invest AG.
Since an legislative change of the Stock Corporation Act at the beginning of 2019, the Vienna MTF has been targeting medium-sized companies with the direct market and the direct market plus. The step to the stock market provides room for companies to develop and for additional equity financing. By the end of April this year, the direct market plus alone had a market capitalization of almost EUR 368 million. The average market capitalization per company in this segment amounts to almost EUR 46 million. A minimum capitalization of EUR 10 million is required for listings on direct market plus. Compared to the direct market, higher transparency obligations apply. Among other things, the companies benefit from the tradability of their shares with national and international investors via the Xetra® T7 electronic trading system.
Photos bell ringing (all persons tested COVID-19 negative)
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