Euronext’s Alternext
BSB shares are listed on Alternext which is a market designed for SMEs.
Click here to visit the BSB page on Alternext.
NYSE Alternext was founded by Euronext to meet the needs of SMEs looking for simplified access to the stock market. Alternext began operating on 17 May 2005. The listing requirements and simplified trading rules used on Alternext are ideal for the size and needs of SMEs. The rules in force also ensure maximum transparency for investors.
Alternext was designed to become the reference market for SMEs throughout the euro zone.
Trading on Alternext Brussels
Alternext Brussels is a market organised by Euronext Brussels. Euronext Brussels has drawn up a certain number of rules designed to ensure that the market operates smoothly, with due integrity and transparency, and also to ensure the protection and the interests of investors.
The main rules can be summarised as follows:
- The admission to Alternext Brussels must be subject to an application made jointly by the issuer and the Listing Sponsor and requires that certain conditions be met on the part of the issuer (notably regarding the financial statements and the minimum amount of the offer);
- In principle, securities trading is conducted in the central orders book, which is subject to the same rules and procedures as those implemented for Euronext Brussels; depending on the liquidity of the security, the trading is either single or continuous fixing;
- In some cases, securities trading operations can be completed outside of the central book (through bilateral matching with the interests of an identified counterparty or with the interests of a market maker);
- Transactions completed on Alternext Brussels are settled-delivered three days after trading on Euroclear Belgium, through clearing house LCH.Clearnet Sa systems;
- Any failure on the part of the issuer to meet his obligations regarding the Alternext Brussels rules may lead to the temporary suspension of the listing of its securities or the definitive removal from Alternext Brussels, following a decision from Euronext Brussels.
Listing Sponsor on Alternext
The regulations of Alternext Brussels set out the rules concerning the approval, function and different obligations of the Listing Sponsor.
In accordance with these regulations, the Listing Sponsor must comply with certain obligations during the initial listing process as well as during a minimum period of two years following the company being listed on Alternext Brussels.
Within this framework, the Listing Sponsor is to assume an advisory role for the company as regards obligations stemming from its listing on Alternext Brussels. The Listing Sponsor should also ensure that BSB complies with the Alternext Brussels rules, provide the company with the necessary advice in the event of non-compliance, and advise Euronext Brussels of the nature of the non-compliance as well as the steps taken to address any such non-compliances.
Allyum is the listing sponsor of BSB.
You will find the complete list of obligations of the Listing Sponsor in the regulations of Alternext Brussels.
All of the Listing Sponsor’s obligations as part of the Alternext Brussels regulations are available to be consulted by ciicking here
