(Vienna) As of today, Scotty Group SE, an Austrian communications technology company currently traded on the Alternative Investment Market (AIM) of the London Stock Exchange, will start trading on the Third Market of the Vienna Stock Exchange.
Birgit Kuras, member of the management board of Wiener Börse AG, is pleased about another "repatriate" to the Vienna Stock Exchange: "Domestic companies listed on the Vienna Stock Exchange get much more attention from investors, analysts and the media. Overall, eleven Austrian companies have returned to their home market since 2003 after having been listed on foreign exchanges."
Trading in financial instruments on the Third Market operated as a Multilateral Trading Facility (MTF) does not require any formal admission procedures to exchange trading. The requirements of the Stock Exchange Act regarding the admission of financial instruments to trading on a regulated market and the obligations of issuers do not apply to financial instruments traded on the Third Market; however, the bans imposed by § 48b and §38c Stock Exchange Act apply.
About the Vienna Stock Exchange
The Vienna Stock Exchange is a 100% subsidiary of the CEE Stock Exchange Group (CEESEG) which comprises the stock exchanges of Budapest, Ljubljana and Prague. The CEE Stock Exchange Group (CEESEG) is the largest stock exchange group in the region. CEESEG makes access and trading on the local markets easier with the aim of improving liquidity. The CEESEG stock exchanges cooperate with 12 other exchanges in Central and Eastern Europe and enjoy international recognition for their unique CEE know-how.