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Vienna. An amendment to the German Companies Act will open the stock market door for domestic small and medium-sized enterprises (SMEs) and growing companies in early 2019. The Vienna Stock Exchange plans the launch date of 21 January 2019 to the new market segments direct market and direct market. They will replace the middle market in the future. The corresponding amendment to the Companies Act was adopted by the Finance Committee of the National Council.
Christoph Schmid, CEO of the Vienna Stock Exchange and its holding company, quoted in a company statement: "The new offer is addressed to joint stock companies whose number of shareholders is less than double digits. "Some also want trading, others just a list. This brings order, visibility and perspective to facilitate capital acquisitions for the company. "According to the strategy, development on other segments can follow."
The direct market is the basis of low requirements, explains the stock market. In the direct plus market, companies must have a minimum term of one year, publish interim and annual interim reports, keep a business calendar and be accompanied by a financial market coach. In return, companies get more and more service and attention when they register.
In order to prepare the companies for the stock market, the Vienna Stock Exchange intends to contribute to the revitalization of the ecosystem badociated with a "direct network": it is about a transfer of knowledge and l & # 39; 39, establishing personal contacts with consultants and investors.
"This opening of the" third market "for small and medium-sized enterprises is an economic milestone for Austria as start-ups and national niche players, including some world leaders, finally have access to the market. Fellow, not only in the interest of these companies, but also For the safeguarding of jobs in Austria is extremely important, "said in a statement the financial spokesman of the ÖVP and the Secretary General of the Chamber of Commerce, Karlheinz Kopf.
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