Launch of Buy-Back Programme following the de -listing and suspension of trading from the open market of the Frankfurt Stock Exchange
Following the Corporate News issued by Primus Global Securities Investment SCC PLC (the “Issuer”) in respect of the below listed securities issued by the Issuer:
Valore Playoptions ETI (ISIN MT0000921206);
Primus Accumulator EUR Asset Backed ETI (ISIN MT0000921214)
(the “ETI Units”)
The Board of Directors of the Company wishes to notify the investors in the above-mentioned ETIs, that the Issuer has been notified by the Frankfurt Stock Exchange, that the Frankfurt Stock Exchange has decided to de-list the ETI units mentioned above from the open market of the Frankfurt Stock Exchange with effect from the 21st August, 2017 and that trading has been suspended with immediate effect until de-listing on the 21st August 2017.
The Board of Directors of the Company wishes to further clarify that trading has been suspended however, the instruments have not been suspended and are trading with the major clearing system. Prices are updated on a weekly basis.
In order to ensure liquidity for investors as well as to guarantee an ordinary trading, the Issuer decided to launch a buy-back programme whereby the Issuer is offering to buy back ETI Units from investors on a daily basis. The Issuer guarantees that the bid-ask spread will not exceed fifty euro (€ 50) per ETI Unit with a minimum size of ten (10) ETI Units.
It is to be noted that the buy-back programme mentioned above shall apply to all the ETI Units listed in this Corporate News.
Kindly note that the board of directors of the Issuer is currently discussing the way forward and additional feedback will be provided in the coming days.