NYSE EURONEXT WELCOMES GROUPE EUROTUNNEL AS THE FIRST COMPANY ON ITS LONDON MARKET
Offering Issuers and investors an alternative platform in the London market
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 to close the market and celebrate this event.
Groupe Eurotunnel (Euronext Paris: GET and London Stock Exchange: GETS) manages the infrastructure of the Channel Tunnel and operates accompanied truck shuttle and passenger shuttle (car and coach) services between Folkestone, UK and Calais, France. Eurotunnel holds the concession until 2086 to operate the Channel Tunnel, the fastest, most reliable, easiest and most environmentally friendly way to cross the Channel. In 18 years, over 284 million people have used the Channel Tunnel. This unique land crossing has become a vital link between the continent and the United Kingdom. Eurotunnel also runs a rail freight business through its subsidiary Europorte, which offers a wide range of integrated rail freight services.
NYSE Euronext (NYX) is a leading global operator of financial markets and provider of innovative trading technologies. The company's exchanges in Europe and the United States trade equities, futures, options, fixed‐income and exchange‐traded products. With approximately 8,000 listed issues (excluding European Structured Products), NYSE Euronext's equities markets — the New York Stock Exchange, NYSE Euronext, NYSE MKT, NYSE Alternext and NYSE Arca — represent one‐third of the world’s equities trading, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, one of the leading European derivatives businesses and the world's second‐largest derivatives business by value of trading. The company offers comprehensive commercial technology, connectivity and market data products and services through NYSE Technologies. NYSE Euronext is in the S&P 500 index. For more information, please visit: http://www.nyx.com.
Liffe Administration and Management is part of the NYSE Euronext Group and operates NYSE Euronext London as a Regulated Market (regulated by the Financial Services Authority). The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by NYSE Euronext’s subsidiaries shall depend solely on the applicable rules of the market operator. Persons wishing to trade products available on NYSE Euronext markets or wishing to offer such products to third parties are advised, before doing so, to check their legal and regulatory position in the relevant territory and to understand the related risks. This communication is for information purposes only and none of the information herein constitutes advice or a recommendation. NYSE Euronext makes no representation or warranty as to the accuracy or completeness of the material herein and any liability for the same is expressly disclaimed. All proprietary rights and interest in or connected with this publication are vested in NYSE Euronext. No part of it may be redistributed or reproduced in any form or by any means or used to make any derivative work (such as translation, transformation, or adaptation) without the prior written permission of NYSE Euronext. NYSE Euronext refers to NYSE Euronext and its affiliates and references to NYSE Euronext in this press release include each and any such company as the context dictates. All rights reserved. www.nyx.com.