Enhanced role for Listing Sponsors

Euronext is strengthening the role played by listing sponsors to further improve the input and assistance available to mid-caps as they list:

  • Mandatory appointment of a listing sponsor for companies making their market debut on any of Euronext’s regulated markets: Euronext GROWTH, Euronext ACCESS and its Euronext ACCESS + compartment
  • Listing Sponsors continue to advise companies listed on Euronext GROWTH and Euronext ACCESS + at all stages of their market experience. Listing Sponsors are responsible for advising and assisting the listed company in its interactions with the market, in particular through investor meetings. 

Enlarged scope

  • Companies listed on Euronext ACCESS + are required to be accompanied by a Listing Sponsor at listing and as long as they are listed
  • Companies listed on Euronext ACCESS are required to be accompanied by a Listing Sponsor at listing

Reinforced Role

  • Each Listing Sponsor shall maintain regular contact with the Issuer for which it acts as Listing Sponsor to be aware of developments and changes within the Issuer and the Securities admitted to trading
  • Each Listing Sponsor shall do its utmost to advise and accompany each Issuer for which it acts as Listing Sponsor by organizing one investor meeting per year at the minimum.  

Others

  • Activity of the Listing Sponsor assessed on a yearly basis
  • The Listing Sponsor have to submit an annual certificate to Euronext containing main changes within its structure, last operations managed, etc...
  • Requirements regarding MAR Compliance (clearly stated)
  • Introduction of a preliminary interview within the accreditation process (physical meeting or a conference call)