(Vienna) The Vienna Stock Exchange welcomes the commitment of the Minister of Finance Hartwig Löger to make trading of bearer shares of Austrian companies on the Third Market possible again. The government is thus putting an end to a long-standing obstacle and giving Austrian medium-sized companies access to the capital market. The exchange-regulated "Third Market" is perfectly suited as a first step on the Vienna Stock Exchange and also promotes the further development of companies on the domestic capital market.
"Austria is back to normal in Europe. In addition to established, medium-sized companies, younger companies should also find an offer on the stock exchange and be held in their home country. Whoever says start-up must also say stock exchange," says Christoph Boschan, CEO of the Vienna Stock Exchange.
The attractiveness of the Third Market as a stock exchange-regulated market (also called MTF – Multilateral Trading Facility) has been proven by numerous international new entrants in recent years. In 2017 alone, seven companies based outside Austria were quoted on the Vienna Stock Exchange on their own initiative.
"Following this very positive political signal, we hope that legislation will be implemented quickly. We have specific requests from some Austrian companies looking for this approach. The Vienna Stock Exchange is already in the starting blocks with its new, attractive offer for companies." says Christoph Boschan.
Folder: Easy Access to the Capital Market (pdf-file 163 KB)
For further information, please contact:
About the Vienna Stock Exchange
The Vienna Stock Exchange is the only securities exchange in Austria. It features a modern infrastructure and supplies market data and relevant information. It offers Austrian companies maximum visibility, high liquidity and utmost transparency. Investors can rely on the smooth and efficient execution of exchange trades. The Vienna Stock Exchange operates a central market datafeed for Central and Eastern Europe (CEE) and is well established as an expert for the calculation of indices with a reference to the region. Wiener Börse AG, together with its holding company, CEESEG, cooperates with over ten exchanges in CEE and is globally recognized for this unique know-how.
Exclusion of Liability
This press release may contain certain forward-looking statements and forecasts that are based on assumptions current made at the time of publication of this press release. We do not assume any liability for these forward-looking statements materializing. Furthermore, we would like to explicitly point out that this press release cannot serve as a basis for investment decisions and may not be construed as a solicitation to buy or a recommendation to invest by Wiener Börse AG. No liability is assumed for the information given in this press release.