Thanks to the SME Growth Market status, Euronext Growth listed companies will benefit from simplified market processes in two legislations: the Prospectus Regulation and the Market Abuse Regulation.
Euronext today announces that its pan-European MTF dedicated to small & mid-caps Euronext Growth has been officially registered as “SME Growth Market” for both shares and bonds by the authorities in Belgium, France, Ireland and Portugal.
This status, introduced under MiFID II, is set to facilitate access to capital markets for European SMEs by further developing qualified markets to cater to the specific needs of small and medium-sized companies. Thanks to the SME Growth Market status, Euronext Growth listed companies are poised to benefit from simplified market processes in two key legislations: the Prospectus Regulation and the Market Abuse Regulation (MAR).
The list of benefits include:
- the use of lighter prospectuses at both initial and subsequent admissions (the EU Growth prospectus and the simplified prospectus under the simplified disclosure regime for secondary issuance), which will reduce workloads and facilitate issuers’ capacity to raise funds on capital markets;
- exemptions from specific obligations under the Market Abuse Regime: issuers listed on an SME Growth Market benefit from a lighter insider list disclosure regime.
For investors, this will lead to more attractive opportunities to invest in European SME shares and bonds.
Stéphane Boujnah, CEO and Chairman of the Managing Board of Euronext: “Becoming an SME Growth Market will further equip Euronext Growth with the necessary tools to raise the profile and visibility of listed SMEs. In line with its pan-European expansion, the SME Growth Market status will strengthen Euronext’s ambition to forge a harmonized market.”
Euronext stressed its commitment to support the financing of small and medium-sized companies on its pan-European markets by providing them with a wide range of services and tailored coaching programmes such as TechShare, IPOready and FamilyShare, and through its expansion beyond its core domestic markets in Germany, Italy, Spain and Switzerland.
