Listing a share/GDR on the Euro MTF

It is not mandatory to appoint a listing agent. Either the issuer itself or a company acting on its behalf can submit requests for approval.

Our listing members can act as a listing agent for you.

In order to list on the Euro MTF, a security must fulfil the following criteria, among other things:

• Minimum capital of  €1,000,000, or equivalent value in other currencies
• Minimum public free float of 25%
• Securities should be eligible for clearing and settlement
• Securities should be freely negotiable and fungible

See Part 1, Chapters 6 and 7 of the Rules & Regulations for full details of our listing requirements.
 

File a prospectus
To begin the listing process, complete the following documents and send them to bolide@bourse.lu:

• A copy of your prospectus;
• Application form
• Undertaking letter
• Articles of association
• Existing agreements/conventions
• The last three annual financial reports (if published)

Prospectus review
A first set of comments on a complete draft prospectus will be sent to you within a maximum period of three business days from the date of receipt of the filed application.

Additional comments following submission of an updated draft prospectus will be provided within a maximum of two business days after submission.

Final submission
Listing can take place after receipt of the following items:

• Final version of the prospectus
• First listing price

All fees are to be paid to LuxSE and are priced in euros. The fee structure will vary depending on whether or not you are a  “recently established company”, i.e. a company that has not published or registered annual accounts for the three previous financial years.

• Stocks, shares and depositary receipts

  + -

  Approval fee (if and as applicable)	First listing	Subsequent listing
  		2,500	1,250
  Listing fee	First listing	Subsequent listing
  		2,500	1,250

  Maintenance fee	Quotation line	Per year
  		1st line	2,500
  		2nd line	1,875
  		3rd line	1,250
  		4th line	625
  		Subsequent line	625

• Stocks, shares and depositary receipts issued by a “recently established company”

  + -

  Approval fee (if and as applicable)	First listing	Subsequent listing
  		2,500	1,250
  Listing fee	First listing	Subsequent listing
  		5,000	1,250

  Maintenance fee	Quotation line	Per year
  		1st line	5,000
  		2nd line	3,750
  		3rd line	2,500
  		4th line	1,250
  		Subsequent line	1,250

For more details about fees, see our listing fees booklet.

After listing and admission to trading, issuers must fulfil specific reporting obligations. For example, issuers must file information and scheduled corporate events with LuxSE. Details are contained in Chapters 9 and 10 of LuxSE’s Rules & Regulations.

Issuers listed on the Euro MTF market can take advantage of LuxSE’s FIRST, an integrated tool that enables issuers to publish and disseminate information. By using FIRST, you will fully comply with all regulatory reporting obligations.

In the context of MiFID II / MiFIR and MAR, the LuxSE is obliged to collect a ‘Legal Entity Identifier’ or ‘LEI’ code from any issuer operating on its regulated market (Bourse de Luxembourg) and on its Multilateral Trading Facility (Euro MTF) and communicate it to the relevant supervisory authorities.

You can apply for and renew an LEI code directly via LuxSE.