All Alternext-admitted companies must have a listing sponsor. The listing sponsor is a long-term financial partner that helps the company prepare for listing on Alternext and guides it throughout its life on the exchange. It assists the company in meeting its market transparency requirements and fulfilling its other obligations. The presence of the listing sponsor is intended to bolster investor confidence.

Listing sponsors commit to:

• guiding and helping applicants prepare for listing:
  
  
  • provide information about legal and regulatory requirements
  • prepare the information document (either a prospectus approved by the regulator or an offering
  • circular prepared under the joint responsibility of the sponsor and the company) for distribution to potential investors
  • present a full admission dossier to Euronext
  • avoid potential conflicts of interest.

  The listing sponsor must provide Euronext with written confirmation that the applicant complies with the listing rules. It also certifies that it has performed customary due diligence.
  
  

• helping the company throughout its listing by undertaking to:
  
  
  • ensure, for at least two years, that the companies it sponsors meet their disclosure requirements
  • inform Euronext whenever a company fails to meet its disclosure requirements or, in general, its obligations as a listed company
  • act as Euronext's main point of contact for queries about the companies it sponsors.

If a listing sponsor fails to meet its obligations, Euronext can discipline it by:

•  issuing a warning, which is posted on the Alternext website
•  striking it off the list of Alternext-approved listing sponsors.

Conditions for becoming a listing sponsor

A listing sponsor is a company acting as an investment services provider, audit firm, legal counsel or corporate finance specialist.
Candidate listing sponsors must make a contractual commitment to Euronext and meet all the following criteria:

• at least two years' experience advising companies in equity finance
• successful completion of equity-related transactions involving the preparation of information documents
• suitably qualified staff

The register of listing sponsors will be continually updated and posted on the Alternext website, the official channel for disclosing information about companies listed on this market.