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3.3.4. Delisting Costs
Euronext fees Companies must pay a delisting fee to delist (voluntarily or not) any class of its shares from a Euronext Market: Redemption or cancellation of shares Cancellation means any annulment or reduction of the quantity of held in the issuing account. The fee due for the redemption or cancellation of shares is charged immediately […]
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3.3.3. Exclusion from trading determined by the Stock Market Operator
Euronext may exclude the Company´s shares listed on its markets at its own initiative, or upon CMVM request, in extreme situations foreseen in the law, namely failure to comply with listing rules or laws and regulations, considering investor protection and market integrity. The decision of exclusion normally will be preceded by several interactions between the […]
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3.3.2. Exclusion of trading further to a squeeze-out
In the event that, further to a takeover bid of a Company with shares admitted to trading on a regulated market in Portugal, the offeror acquires 90% or more of the voting rights in such company, the law establishes its right to acquire the remaining shares, implementing a squeeze-out procedure. This squeeze-out right shall be […]
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3.3.1. Voluntary exclusion from trading
Delisting is the process in which the Company´s shares are removed from the exchange listings. Delisting can be broadly classified as: Just as an IPO may be a natural step in the lifecycle of a Company, under occasional circumstances delisting may also be a rational choice at a certain stage of companies’ life. Being listed […]
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