Successful start of trading on SIX Swiss Exchange
KTM Industries is listed on the stock exchange in Zurich as second Austrian company
With yesterdays primary listing of € 225,386,742 bearer shares on SIX, KTM Industries AG came to the stock market in Zurich as second Austrian company. The trading started successfully.
First trading day brings significant price mark ups
On Monday, the KTM Industries-share started with a share price of 4.90 Swiss Francs for the first time. The last traded share price was 5.20 Swiss Francs. The shares, traded for the first time on SIX on Monday, started above the level, on which they closed on the Vienna Stock Exchange on Friday (4.39 Euro), before moving to Zurich. Also in Vienna, where the shares were traded with a closing price of 4.39 Euro on November 11, 2016, it came to significant price mark ups on Monday. More than 200,000 shares of KTM Industries AG changed hands yesterday.
Concentration on the Swiss stock market
The Swiss stock exchange SIX is supposed to become the principal stock exchange for KTM Industries-shares, which are continued to be tradable additionally on the Vienna Stock Exchange. With the planned switch from the segment “prime market” to the segment “standard market (auction)” on the Vienna Stock Exchange by the end of March 2017, the prerequisites for an inclusion of the shares in the Swiss Performance Index (SPI) should have been ensured. Through the primary listing on the SIX Swiss Exchange, KTM Industries expects a better access to Swiss and international institutional investors.
For the realization of the primary listing as well as the intended international private placement through a prospectus exempted transaction, Bank Vontobel AG has been appointed.
This release does neither constitute an offer to purchase nor an intimation to submit a proposal for the acquisition of securities of KTM Industries AG.