This market transfer was approved by Sopheon shareholders at the Company’s Annual General Meeting held earlier this year. As noted in previous announcements, this change will introduce certain tax exemptions which the Board believe could attract specialist investment funds, and will also reduce regulatory burden. NYSE Alternext is a well-recognized market with over 180 companies listed, representing a combined market capitalization of €5.9 billion. Since NYSE Alternext uses the same trading platform as NYSE Euronext, no change is expected to the mechanisms by which shareholders can buy and sell Sopheon shares. An information document regarding the transfer is available from the investor relations section of the Sopheon website, and from that of NYSE Euronext at https://europeanequities.nyx.com/.
Sopheon’s Chairman, Barry Mence said: We are pleased to have completed this step of the corporate developments we described in our recent half year statement and are delighted to join Alternext. This is a market that is better suited to companies of our scale and stage of development, and the change should improve our ability to attract investor interest.
Sopheon (LSE: SPE) is an international provider of software and services. Sopheon’s solutions structure, align and manage innovation processes to help organizations generate more revenues and profits from new products. Sopheon's solutions are used by industry leaders throughout the world, including BASF, Corning, Electrolux, Honeywell, Lockheed Martin, Philips and SABMiller. Sopheon is listed on the AIM Market of the London Stock Exchange and on the Euronext in the Netherlands.