DGAP-News: Expedeon AG / Key word(s): Miscellaneous
12.06.2019 / 08:00
The issuer is solely responsible for the content of this announcement.
Expedeon AG mandates ODDO SEYDLER BANK AG
Heidelberg, Germany and Cambridge, UK, 12 June 2019 – ODDO SEYDLER BANK AG will henceforth be the second Designated Sponsor of Expedeon AG’s share (Frankfurt: EXN; ISIN: DE000A1RFM03; Prime Standard), as Expedeon announced today. ODDO SEYDLER BANK has been mandated to ensure continuous trading on XETRA(R), thus improving the tradability of Expedeon shares for investors. The share has been listed on the Frankfurt Stock Exchange and XETRA(R), the electronic trading platform of the Deutsche Börse AG, since 2000.
Dr. Heikki Lanckriet, CEO of Expedeon, said: “By mandating a second Designated Sponsor, we want to enhance the continual tradability of our shares. Thus, our shareholders can buy and sell more shares at its market-driven price. Liquidity attracts liquidity and we aim to sustainably reduce the share’s volatility.”
In the XETRA electronic trading system, Designated Sponsors provide additional liquidity by committing to enter binding bid and ask prices (so-called quotes) in the order book therefore generating continuous trading in the respective shares. This task will be taken on by ODDO SEYDLER BANK for Expedeon’s share. In its role of liquidity provision, Designated Sponsors must fulfil high-quality criteria (minimum requirements) set out by Deutsche Börse. ODDO SEYDLER BANK has achieved and continually maintained the highest rating by Deutsche Börse (“AA”) since many years.
For further information, please contact:
MC Services AG (Investor Relations and International Media Relations)
About Expedeon AG: www.expedeon.com
About ODDO SEYDLER BANK AG
### This publication is intended for information only and constitutes neither an offer to sell nor an invitation to buy securities. Some statements included in this press release, relating neither to proven financial results nor other historical data, should be viewed as forward-looking, i.e. not definite. Such statements are mainly predictions of future results, trends, plans or goals. These statements should not be considered to be total guarantees since given their very nature they are subject to known and unknown risks and imponderability and can be affected by other factors as a consequence of which the actual results, plans and goals of Expedeon AG may deviate greatly from the established conclusions or implied predictions contained in such statements. Expedeon does not undertake to publicly update or revise these statements in the light of new information or future results or for any other reason. ###
12.06.2019 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
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|Waldhofer Str. 102|
|Phone:||+49 (0) 6221 3540 125|
|Fax:||+49 (0) 6221 3540 127|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||822853|
|End of News||DGAP News Service|