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DGAP-News: Expedeon AG: Expedeon AG mandates ODDO SEYDLER BANK AG as Designated Sponsor

DGAP-News: Expedeon AG / Key word(s): Miscellaneous


Expedeon AG: Expedeon AG mandates ODDO SEYDLER BANK AG as Designated Sponsor (news with additional features)


12.06.2019 / 08:00



The issuer is solely responsible for the content of this announcement.


PRESS RELEASE

12 June 2019


Expedeon AG mandates ODDO SEYDLER BANK AG
as Designated Sponsor

 

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.
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