World News: 10:02 GMT Friday 14th September 2018. [EQS Group via SPi World News]
DGAP-News: Netfonds AG / Key word(s): Miscellaneous
Netfonds shares now tradable on XETRA with tighter spreads
Hamburg, 14 September 2018 - The shares Netfonds AG (ISIN: DE000A1MME74), a leading platform for administration, advisory, transaction processing and regulation for the German financial industry, are now listed on the electronic trading platform of Deutsche Börse, XETRA. Following its successful listing in the m:access of the Munich Stock Exchange at the beginning of September, the share is now tradable on almost all German stock exchanges.
'With the launch of XETRA trading, we are making it easier especially for international investors to invest in Netfonds,' explains Karsten Dümmler, CEO of Netfonds AG. 'In addition, through our Designated Sponsor, we now ensure that our shares can be traded at more attractive spreads.' MWB Fairtrade Wertpapierhandelsbank, headquartered in Gräfelfing near Munich, has been contracted for Designated Sponsoring, ie the provision of the necessary liquidity in continuous XETRA trading.
In addition, Netfonds AG has entered into an equity research agreement with Hamburg-based Montega AG. In the coming weeks, the research house will start with the independent research coverage of Netfonds AG. 'It was important to us to quickly give our investors a second opinion on our company,' explains Peer Reichelt, Board Member of Netfonds AG. 'With Montega, we have chosen a research house that has many years of experience in the coverage of small and mid-cap companies and enjoys an excellent reputation in the industry.'
The company will publish an official outlook for the development of sales and earnings in the current financial year with the publication of the half-year results on 25 September 2018. Further information on the Netfonds Group and its affiliated subsidiaries can be found at www.netfonds.de.
About the Netfonds Group
The Netfonds Group is a leading platform for administration, advisory, transaction processing and regulation for the German financial industry. Under the FinFire brand, the company provides its customers with a web-based technology platform that enables users from the financial industry to handle financial market transactions fully, securely and, most importantly, fully compliant with MiFID II requirements. The offer is tailor-made for a wide variety of day-to-day business requirements, from fund management companies, asset managers and financial advisers to specialist banks and insurance companies. Customers of Netfonds thus benefit from the most modern software solution on the market, which significantly simplifies the advisory process, makes it secure and enables target group-specific product marketing. With a total of 165 employees, the company generated gross revenues of EUR 86 and net revenues of EUR 17.1 million in 2017. The share of Netfonds AG is listed under ISIN DE000A1MME74 in the m:access of the Munich stock exchange and will be traded on a timely basis via the electronic trading platform XETRA.
|Phone:||+49 40 822267 0|
|Listed:||Regulated Unofficial Market in Frankfurt, Munich (m:access)|
|End of News||DGAP News Service|
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