Offering Issuers and Investors an alternative platform in the London market
Amsterdam, Brussels, Lisbon, London, New York, Paris – 20th June 2012– NYSE Euronext (NYX) today announced that Groupe Eurotunnel (ISIN FR0010533075 ticker symbol : GET) will be the first company to be admitted to trading on NYSE Euronext London on 19thJuly 2012, transferring its current admission to trading from the London Stock Exchange.
Admission to trading on NYSE Euronext London will allow Groupe Eurotunnel to benefit from improved liquidity and direct, convenient access to a broad investor base across Europe, thanks to the strength and visibility of NYSE Euronext’s European markets. In addition, the transfer offers investors a single trading platform with Groupe Eurotunnel being traded on NYSE Euronext's single order book, at a single price (in euros).
NYSE Euronext has a longstanding and respected presence in the UK market through NYSE Liffe, its highly successful international derivatives exchange. This presence is expanded by NYSE Euronext London which provides international and domestic issuers with additional choice when listing in London and direct access to one of the largest global trading pools, whilst also offering investors an attractive and unique entry point to its markets.
“This is a significant and exciting new chapter for the two companies and we are delighted to welcome Groupe Eurotunnel as the first company to be admitted to trading on NYSE Euronext’s London trading venue,” said Dominique Cerutti, President & Deputy Chief Executive Officer, NYSE Euronext. “Groupe Eurotunnel will immediately benefit from our leading position in the European cash markets and gain access to a deep and liquid investor base from the UK, Eurozone, and global investor community. We believe that we are offering a superior alternative to companies wishing to list here thanks to the strength and visibility of our global brand.”
Jacques Gounon, Chairman and Chief Executive Officer of Groupe Eurotunnel SA said “The Channel Tunnel is a worldwide achievement which attracts the best class of investors from around the world. Today’s move will allow investors to have easier access to Groupe Eurotunnel shares.”
The Company’s ordinary shares of €0.40 each (the “Shares”) will be admitted to trading on NYSE Euronext London on 19th July 2012 and its admission to trading on the LSE will be cancelled on 20th July 2012. There will be one day of overlap during which the Shares will be admitted to trading on both the LSE and NYSE Euronext London to ensure continuous admission to the Official List of the UK Listing Authority the (“Official List”). This does not impact the listing of the Shares on the Official List or the listing and/or trading of the shares on NYSE Euronext Paris.
The management team will ring the opening bell in London to mark the start of continental Europe trading on NYSE Euronext on 19th July 2012 and will come to Paris later that day after having taken the Shuttle to close the market and celebrate this event.