- WKN: A1RFM0
- ISIN: DE000A1RFM03
- Land: Deutschland
Nachricht vom 12.06.2019 | 08:00
Expedeon AG: Expedeon AG mandates ODDO SEYDLER BANK AG as Designated Sponsor (news with additional features)
DGAP-News: Expedeon AG / Key word(s): Miscellaneous
Heidelberg, Germany and Cambridge, UK, 12 June 2019 - ODDO SEYDLER BANK AG will henceforth be the second Designated Sponsor of Expedeon AG's share (Frankfurt: EXN; ISIN: DE000A1RFM03; Prime Standard), as Expedeon announced today. ODDO SEYDLER BANK has been mandated to ensure continuous trading on XETRA(R), thus improving the tradability of Expedeon shares for investors. The share has been listed on the Frankfurt Stock Exchange and XETRA(R), the electronic trading platform of the Deutsche Börse AG, since 2000.
Dr. Heikki Lanckriet, CEO of Expedeon, said: "By mandating a second Designated Sponsor, we want to enhance the continual tradability of our shares. Thus, our shareholders can buy and sell more shares at its market-driven price. Liquidity attracts liquidity and we aim to sustainably reduce the share's volatility."
In the XETRA electronic trading system, Designated Sponsors provide additional liquidity by committing to enter binding bid and ask prices (so-called quotes) in the order book therefore generating continuous trading in the respective shares. This task will be taken on by ODDO SEYDLER BANK for Expedeon's share. In its role of liquidity provision, Designated Sponsors must fulfil high-quality criteria (minimum requirements) set out by Deutsche Börse. ODDO SEYDLER BANK has achieved and continually maintained the highest rating by Deutsche Börse ("AA") since many years.
For further information, please contact:
MC Services AG (Investor Relations and International Media Relations)
About Expedeon AG: www.expedeon.com
About ODDO SEYDLER BANK AG
Document title: ODDO_Eng
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|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||822853|
|End of News||DGAP News Service|