Date: 18.11.2009
Finext Plc. shares launched on the BSE
On October 30 2009, trading in the shares of Finext Property Management Public Limited Company began on the Budapest Stock Exchange (BSE). Finext Plc. had submitted its application to the BSE on 21 October 2009 for the listing of its ordinary shares on the market, and by 12 November 2009, it had also submitted to the Exchange all the documents required by the BSE’s Regulations on the Rules of Listing, Continued Trading, and Disclosure.
On the basis of the above, Dr György Mohai, the CEO of the BSE decided that the 500,000 dematerialised, registered ordinary shares of a par value of 1,000 forints, a total nominal value of 500,000,000 forints, shall be admitted for trading in the “B” Equities Category of the Equities Section of the BSE, from 16 November 2009.
The Company which focuses on asset management was established by two private individuals, Dr Péter Futó and Gábor Futó on 8 July 2009, with a share of 60 and 40%, respectively. The objective of the Company is first of all to acquire (mainly majority) holdings in local or foreign registered companies involved in various business activities that are profitable in the long term, and the operation and management of such companies within the framework of a holding activity. Second of all, the Company’s aim is investment in passive securities and properties as well as the management of such investments.
The listing of the Company’s shares on the Exchange is the third launching of shares on the Budapest Stock Exchange in 2009.