Euronext Reference Shareholders, holding 23.86% of share capital, extend agreement

Maria Nikolova

The Reference Shareholder Agreement was due to expire on June 20, 2019, and is now extended for a further period of two years.

Euronext NV (EPA:ENX) has earlier today announced that it was informed that the group of Reference Shareholders, holding 23.86% of its share capital, has decided to extend an amended version of their Reference Shareholders Agreement.

This agreement dated June 21, 2017 was due to expire on June 20, 2019. It will be extended for a further period of two years commencing on June 20, 2019.

The new Reference Shareholders group will inclcude five of the existing members and account for 23.27% of Euronext share capital. The new Reference Shareholders agreed a new two-years lock-up period commencing on June 20, 2019 and expiring on June 19, 2021. The Reference Shareholders will retain their current level of representation on the Euronext Supervisory Board retaining their right to jointly nominate one third of the Supervisory Board seats.

The new group of Reference Shareholders is composed of:

On top of the renewed Reference Shareholders Agreement, the Letter Agreement dated June 13, 2017 has been amended. The revised Letter Agreement, dated June 17, 2019 stipulates the practice of regular dialogue between Euronext and its Reference Shareholders, addressing the following main topics:

  • the right of the Euronext Reference Shareholders to retain one third of the Supervisory Board seats;
  • the use by the Euronext Boards of the delegated authorities for the issuance / repurchase of shares, with the possible exclusion or restriction of pre-emption rights;
  • the process of communication between Euronext and its Reference Shareholders, which includes periodical meetings on topics including strategy, governance and financing structure;
  • the consultation of the Euronext Reference Shareholders in the selection procedures in case of any vacancies for the CEO, the COO or Supervisory Board positions.

Read this next

Digital Assets

Talos introduces decentralized liquidity and onchain settlement with Uniswap and Fireblocks

“At the cornerstone of the DeFi ecosystem, Uniswap has the breadth of assets and depth of liquidity that institutional traders need. And to have this partnership powered by Fireblocks, a digital assets infrastructure provider trusted by some of the most renowned institutions, is very fitting.”

Digital Assets

FINMA-regulated crypto bank SEBA Bank rebrands to AMINA

“As we look forward to 2024, our ambition is to accelerate the growth of our strategic hubs in Switzerland, Hong Kong, and Abu Dhabi, and to continue our global expansion, building on all the successes we have laid down over the past years.”

Retail FX

Good For New Traders: Free Crypto Sign Up Bonus No Deposit Required

In cryptocurrency trading, where innovation knows no bounds and the stakes are as dynamic as the digital assets themselves, the concept of no-deposit bonuses comes off as an enticement both for old and new traders. 

Digital Assets

Binance announces banking triparty agreement

“We’ve developed a solution that ensures our institutional clients can optimize their collateral and cryptocurrency investments, modeled after the traditional markets’ trading conduct. We are in close discussions with an array of banking partners and institutional investors who have also expressed strong interest in participating.”

Digital Assets

CoinEx fined $2 million in Québec, Canada

“This new decision follows the important decision obtained in earlier this year and is part of the AMF’s offensive against crypto asset trading platforms operating illegally in Québec that have not entered into pre-registration undertakings.”

Industry News

FINRA fines BofA Securities $24 million for spoofing in US Treasuries

BofA Securities failed to detect spoofing due to inadequate supervisory systems. These systems were not equipped to identify manual spoofing by traders.

Retail FX

Belgium regulator blacklists FXP360, Appex Finance, and Wise-Markets

Belgium’s financial watchdog, the Financial Services and Markets Authority ‎‎(FSMA), has issued a warning against the unauthorized activities of multiple ‎ platforms that are offering investments in the country without ‎complying with Belgian financial legislation.‎

Digital Assets

MicroStrategy piles on Bitcoin, acquiring 0.90% of circulating supply

MicroStrategy, the world’s largest Bitcoin corporate holder, has further increased its holdings of the primary cryptocurrency. According to a recent filing, the company acquired an additional 16,130 bitcoins between November 1 and November 29, spending $593.3 million at an average price of $36,785 per bitcoin.

Digital Assets

Paxos gets nod to issue dollar-backed stablecoins in UAE

Stablecoin issuer Paxos has received preliminary approval from Abu Dhabi’s Financial Services Regulatory Authority to issue U.S. dollar-backed virtual currencies and provide crypto-brokerage and custody services.

Display only crypto