Monday 21 December, 2020

NACON SHARES BECOMES ELIGIBLE FOR EURONEXT DEFERRED SETTLEMENT SERVICE ON THE « SRD LONG-ONLY » SEGMENT

 

NACON announces that its shares will be eligible for Euronext Paris’ Deferred Settlement Service (SRD) as from 29 December 2020 on the “SRD Long only” segment, following the annual review by Euronext Paris.

With a minimum daily trading volume of €100,000 since its initial listing on March 4, 2020, enforcing the criterion for admission to the “SRD Long only” segment, NACON’s share has seen its liquidity steadily increase.

In practice, the “SRD Long-only” will enable investors holding a French securities account to buy NACON shares short by deferring settlement and benefit from an upward leverage effect. For the buyer, the risks are thus limited to the initial amount of the investment. In contrast to the “classic” SRD segment, securities listed on the “SRD Long-only” segment are negotiable only at the time of purchase.

Eligibility for the “SRD Long-only” segment will give the NACON share better visibility and potentially better liquidity by allowing a new category of investors, both institutional and retail, to take a purchase position in the share.

NACON SHARES BECOMES ELIGIBLE FOR EURONEXT DEFERRED SETTLEMENT SERVICE ON THE « SRD LONG-ONLY » SEGMENT