WEACCESS GROUP

WEACCESS GROUP transfers to Euronext Access+

WEACCESS Group

Weaccess Group (formerly Infosat Telecom) specializes in providing Wifi Internet access services. The company builds and operates Wifi networks in France, in the ADSL blank zones (areas not served by networks).

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WEACCESS GROUP
First listing on Euronext ACCESS+ compartment

"We are very proud to be the first company to list on Access+. Our aim in transferring to this compartment is to offer greater transparency in terms of the financial information made available to our investors. By moving to Access+, we hope to facilitate our adjustment to the Euronext Growth compartment of Euronext Paris—our two-year goal—while gaining greater visibility within a larger community of investors at a strategic moment in our growth."
François Hédin, Chairman and CEO WEACCESS group

 

WEACCESS GROUP

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Identification

MLWEA
Name: WEACCESS GROUP
Market: Euronext Access Paris
Subsector: Internet
Isin code: FR0010688465
Symbol: MLWEA

Operation

IPO Date: 16/03/2018
Issue type: Transfer
Transfer from: Euronext Access to Euronext Access+

Company Profile

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News

Date Title
16 Mar 2018 WEACCESS GROUP lists on Euronext Access+ expand

First listing on Euronext Access+ compartment

Paris 16 March 2018 – Euronext today welcomed WEACCESS GROUP, a major French provider of high and very high speed broadband services in areas of France that are poorly served by traditional networks, to listing in the Access+ compartment of Euronext Access.

Based in Normandy, WEACCESS GROUP (formerly Infosat Telecom) builds, operates and markets 4G/LTE networks in “white” and “gray” areas of France, poorly served by traditional networks. The group provides internet, telephone and television access to over 400 towns and villages using wireless technology.

WEACCESS GROUP (ticker code: MLWEA) was listed through the admission to trading on 16th March 2018 of 597,169 ordinary shares following its transfer from Euronext Access. Market capitalisation was around €5 million on the day of listing.

At the listing ceremony, WEACCESS GROUP founder, Chairman and CEO, François Hédin, said: “We are very proud to be the first company to list on Access+. Our aim in transferring to this compartment is to offer greater transparency in terms of the financial information made available to our investors. By moving to Access+, we hope to facilitate our adjustment to the Euronext Growth compartment of Euronext Paris—our two-year goal—while gaining greater visibility within a larger community of investors at a strategic moment in our growth.”

Euronext Access+ is a compartment of Euronext Access – the gateway for companies seeking simplified access to listing – that is open to companies of all sizes, whatever their age or industry. Euronext Access+ is a springboard for transitions to other Euronext markets, including Euronext Growth and Euronext , and is designed to help companies prepare for new stages in their growth.

About WEACCESS Group
Founded in 1995, WEACCESS Group is a French provider of high and very-high speed broadband services approved by ARCEP the national regulatory authority for electronic communications. The company develops and operates 4G/LTE networks  in "white" and "gray" areas (areas not or poorly served by traditional networks) within France, predominantly in the Northwest. 
The shares composing the share capital of WEACCESS Group are listed in Euronext’s Access + compartment.
ISIN code:  FR0010688465  - mnemonic code: MLWEA 

16 Mar 2018 WEACCESS GROUP transfers to Euronext ACCESS+ expand

First listing on Euronext ACCESS+ compartment

Mr François Hedin, president of WEACCESS GROUP, opens the European Paris trading day to celebrate the transfer to Euronext ACCESS+. 

Euronext ACCESS+ is a compartment of Euronext ACCESS – the gateway for companies seeking simplified access to listing – that is open to companies of all sizes, whatever their age or industry. Euronext ACCESS+ is a springboard for transitions to other Euronext markets, including Euronext GROWTH and Euronext , and is designed to help companies prepare for new stages in their growth.

Based in Normandy, WEACCESS GROUP (formerly Infosat Telecom) builds, operates and markets 4G/LTE networks in “white” and “gray” areas of France, poorly served by traditional networks. The group provides internet, telephone and television access to over 400 towns and villages using wireless technology.