11th Apr 2014 09:09
LONDON (Alliance News) - Sopheon PLC said Friday that it will continue discussions with Euronext and evaluate its own situation, after Euronext announced that it will wind down the Alternext Amsterdam market by the end of the year.
Sopheon, which is also listed on the AIM market in London, moved to the Alternext from Euronext just over a year ago. The company said that it understands the Alternext will remain active through to at least the end of the year, and it will continue to monitor the situation before concluding on the implications of the closure.
Euronext, which along with the New York Stock Exchange is owned by IntercontinentalExchange Group inc, has opted to shut the Alternext Amsterdam stock exchange following a strategic review, and said it will consult with affected issuers to discuss potentially moving them to the Euronext Amsterdam market or other Euronext markets.
Euronext is a European stock exchange with bases in Amsterdam, Brussels, London, Lisbon and Paris. Its Alternext Amsterdam market has 184 listed companies with a market capitalisation of EUR8.33 billion.
Shares in Sopheon were trading up 5.4% at 98.00 pence on AIM Friday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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