Nicosia, Cyprus. Cypriot technology company NETinfo announced that 192,310 new ordinary shares issued as free shares to staff will be admitted to trading on the Cyprus Stock Exchange (CSE). The shares arise from the granting of free shares to NETinfo Plc employees under European and Cypriot securities law.
Admission document and regulatory basis
The company said the document was prepared under Article 1(5)(h) of Regulation (EU) 2017/1129, which sets prospectus requirements for securities admitted to a regulated market. NETinfo said the document does not constitute a prospectus and that its content has not been approved by any supervisory authority, including the Cyprus Securities and Exchange Commission.
Company responsibility statement
NETinfo said it assumes full responsibility for the accuracy and completeness of the information provided and that it was prepared solely for the admission of the new shares to trading.
Company background and market history
NETinfo was incorporated in Cyprus on April 3, 2000 as a private limited company under the name NETinfo Services Ltd. On January 10, 2007, it changed its name to NETinfo Plc and converted into a public company under the Companies Law.
The company’s issued shares were first admitted to trading on the New Market of the Cyprus Stock Exchange on April 22, 2016. On April 8, 2021, NETinfo moved to the Regulated Market of the Cyprus Stock Exchange.
Business activities
NETinfo operates in the design and delivery of banking systems and advanced digital solutions in Cyprus and internationally.
What do you expect the new share admission to mean for NETinfo’s trading on the Cyprus Stock Exchange?
