Standard Market is a market intended for trading in the large and prestigious issues of shares in the Czech and foreign companies. The Standard Market may accept either the issues which meet the demanding statutory requirements of the official securities market or the statutory requirements of the regulated market. The Exchange also allows admission of shares without the consent of the issuer if they have already been traded on another Regulated Market in the EU.
The companies, whose shares are traded on the Standard Market, are always imposed high demands. If they adhere to the statutory rules of the Official Market they must meet the following statutory criteria:
Upon its admission to the Standard Market, each issuer undertakes to fulfil its disclosure duty in Czech, Slovak or English. The same applies to the applicants if the shares are accepted without the consent of the issuer. In this case, the applicant is required to provide the Exchange with all the information the issuer will publish on another Regulated Market.
Admission to the Standard Market does not only bring the funds to the company but it means much more. Upon its admission to the Standard Market, the company gains prestige and becomes well known, more attractive and interesting not only for the potential investors but also for its customers and the general public. The Standard Market also offers the interested parties the opportunity to have attractive foreign share issues traded in the Czech Republic even without active involvement of the issuer itself.
For the issues to be accepted to the Standard Market, the following must be submitted:
The Exchange CEO must decide on the admission of an issue within 10 days of the delivery of the respective application. The year the issue is admitted to the Exchange, it is exempted from the lump-sum fee for admission of issue. No annual fees are paid on the Standard Market either.