New issue on PSE

SAB Finance has been admitted to the Standard Market of the Prague Stock Exchange, trading will start on 28th January 2021.

The stock exchange decided, on the issuer's request, to accept SAB Finance shares on the Standard Market, which is part of the regulated market of the Prague Stock Exchange. Trading with the issue with the ISIN CZ0009009940 will start on 28th January 2021. The issue ticker, i.e., the name under which SAB Finance appears in the Xetra trading system, will be SABFG.

Trading will start at price of CZK10,560, which is the price at which the shares are offered in a public offering.

“I am pleased that we can welcome the new IPO as early as January. We believe that it will find a place among investors and that it will be one of the most popular dividend titles," says Petr Koblic, CEO of PSE.

"It is a great honour for us to enter the Standard Market of the Prague Stock Exchange. Thanks to the professionalism of all involved, the whole IPO has been implemented in a very short time and we believe it will be successful. SAB Finance is a long-term profitable company and this is another major milestone for us. For investors, SAB Finance's conservative dividend stocks are certainly an interesting opportunity, and it gives our group the opportunity to further strengthen its position in the international banking sector," says Radomír Lapčík, founder of SAB Finance.

 

SAB Finance

SAB Finance a.s. is a market leader in foreign exchange trading for corporate clients in the Czech Republic, offers the most advantageous rates on the market in all major European and world currencies and provides transparent and fast payment connections worldwide. It has currently almost 18,000 clients in its portfolio and annual turnover in 2019 has exceeded CZK 280 billion. SAB Finance a.s. has managed to achieve a number of positive changes in the foreign exchange market, contributing significantly to the transparency of the domestic foreign exchange market and to the restoration of the competitive environment. The projected market capitalisation of SAB Finance a.s. is CZK 2.7 billion.

Prague Stock Exchange

Burza cenných papírů Praha, a.s. (Prague Stock Exchange/PSE) is the largest and oldest organizer of the securities market in the Czech Republic. Jointly with its subsidiaries, it forms the PX Group, the most important company in which, apart from the PSE, is the Central Securities Depository Prague. The PX Group also cooperates closely with POWER EXCHANGE CENTRAL EUROPE, a.s. (PXE), one third of which is owned by the Prague Stock Exchange. The Prague Stock Exchange is a 99.54% subsidiary of Vienna Stock Exchange.

 

CZ0009009940