The Warsaw Stock Exchange is introducing changes in the rules of its alternative stock market, NewConnect. Starting March 1, at least 15 percent of company shares to be introduced to trading will have to be held by at least 10 shareholders with an up to five percent holding each.
Companies listed on NewConnect will also have to sign agreements with brokers for a period of three years, instead of one year as is currently the case. These may only be the first steps, as the bourse is to analyze the market carefully this year and possibly carry out further modifications.
The NewConnect market was opened in August 2007. There are now 431 companies listed on it, with a total capitalization of zł.11 billion.
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