The stocks of UBM DEVELOPMENT AG will start trading on the prime market – the premium segment of the Vienna SE – as of Monday, 22 August 2016. UBM DEVELOPMENT AG has been listed on the standard market up to now. With the switch to the prime market, the company agrees to comply with the more stringent transparency, quality and disclosure criteria. As of next week, the number of companies listed on the prime market will total 40. Additional liquidity in UBM’s order book will be ensured by Erste Group Bank AG acting as a specialist and by the two market makers Kepler Cheuvreux and Baader Bank AG.
Ludwig Nießen, member of the Management Board of Wiener Börse AG, is very pleased about the new stock on the prime market. “The development achieved by the company and its commitment are a positive sign for the Austrian capital market. Joining the top segment is a key factor to attract an even broader and, above all, international investor base to the company’s stocks.”
“By listing on the prime market, UBM has kept a promise made a long time ago. It is an important step in our commitment for greater capital market orientation,” said Thomas G. Winkler, the new CEO of UBM DEVELOPMENT AG, in a comment on the move to join the top segment.
The market capitalisation of UBM DEVELOPMENT AG was around EUR 228 million on 17 August 2016. The Austrian real estate developer is one of the oldest companies listed on the Vienna Stock Exchange.
About the Vienna Stock Exchange
The Vienna Stock Exchange is the only securities exchange in Austria. It features a modern infrastructure and supplies market data and relevant information. It guarantees the smooth and efficient execution of stock exchange trades and serves as an intermediary for all market participants. Wiener Börse AG also operates the Austrian power exchange EXAA and the CEGH Gas Exchange under the license of the Vienna Stock Exchange. Wiener Börse AG, together with its holding company, CEESEG, cooperates with 12 exchanges in Central and Eastern Europe and is globally recognized for its unique CEE know-how.
