Authorization

DGAP-News: Probiodrug AG: Probiodrug AG has mandated ODDO SEYDLER BANK AG as Designated Sponsor

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


Probiodrug AG: Probiodrug AG has mandated ODDO SEYDLER BANK AG as Designated Sponsor


04.04.2019 / 07:00



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


 

Probiodrug AG has mandated

ODDO SEYDLER BANK AG as Designated Sponsor

The shares are trading on XETRA, the electronic trading platform of Deutsche Börse.


HALLE (SAALE), Germany, 04 APRIL 2019 - Shares in Probiodrug AG, (Euronext Amsterdam: PBD, ISIN DE0007921835) which have been trading in the Open Market of the Frankfurt Stock Exchange, are now also listed in XETRA, the electronic trading platform of Deutsche Börse AG. Probiodrug AG has mandated ODDO SEYDLER BANK AG as its Designated Sponsor to ensure continuous liquidity in trading of its shares on XETRA.

Probiodrug's business is strongly focused on advancing its therapeutic programs against Alzheimer's Disease in development. Probiodrug has identified a new therapeutic concept linked to disease initiation and progression. The development approaches are targeting a key neuro-/synaptotoxic component of the pathology, pyroglutamate-Abeta (pGlu-Abeta) as a therapeutic strategy.

Dr. Ulrich Dauer, CEO of Probiodrug said: "Euronext/Amsterdam is our primary trading marketplace. By expanding the trading of our shares to Frankfurt and XETRA, shareholders are in the position to trade on other platforms. By mandating a Designated Sponsor, we want to increase the liquidity and tradability of the shares not just for our existing shareholders but also for potential ones as well."

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. In this way, ODDO SEYDLER BANK AG generates increased liquidity in the share's trading.


In its role of liquidity provision, Designated Sponsors must fulfill high quality criteria (minimum requirements) set out by Deutsche Börse. ODDO SEYDLER BANK AG has achieved and continually maintained the highest rating by Deutsche Börse ("AA") since many years.
See also:
Leave a comment
News
  • Latest
  • Read
  • Commented
Calendar Content
«    Август 2022    »
ПнВтСрЧтПтСбВс
1234567
891011121314
15161718192021
22232425262728
293031