(Finance) – The Board of Directors of Exor approved the transfer of the listing of the company’s ordinary shares to Euronext Amsterdam. The transfer – reads a note – will make it possible to align the company’s stock exchange with its legal structure as a Dutch holding company.
“The organizational structure of Exor will be further simplified, as the company will be subject to the supervision of a single national regulatory body: the Ducth Authority for the Financial Markets (Afm)”.
The transfer is subject to the approval of the listing prospectus by the AFM and the admission to listing and trading of the securities by Euronext Amsterdam.
The listing and start of trading on Euronext Amsterdam are expected to go into effect around mid-August. Further information on the listing and delisting processes – the note reads – will be made available in accordance with applicable laws and regulations.
Once the admission to listing and trading of the securities on Euronext Amsterdam has been obtained, the Company will request the delisting of its ordinary shares from Euronext Milan which will take place no earlier than 45 days, pursuant to Borsa Italiana regulations.
During the delisting process, Exor’s ordinary shares will continue to be listed on Euronext Milan as well as Euronext Amsterdam.