The stocks of bwin.party Digital Entertainment PLC (“bwin.party”), which starts listing on the London Stock Exchange as of 1 April 2011, will also be traded on the Third Market of the Vienna Stock Exchange as of 1 April 2011 in the segment other securities, continuous trading. This provides a simple and inexpensive trading platform for the stocks of bwin.party in Euro following the delisting from the Official Market of the stocks of bwin Interactive Entertainment AG (“bwin”) as of 31 March due to the merger with PartyGaming Plc.
The Third Market of the Vienna Stock Exchange is an unregulated market; the Stock Exchange Act imposes fewer requirements than applicable to the regulated markets (Official Market, Second Regulated Market). Specifically, the provisions governing the admission to trading and the obligations on issuers – especially the obligation to publish ad hoc reports – do not apply; what does apply though is the prohibition of the abuse of inside information and of market manipulation. The fees for stock trading on the Third Market of the Vienna Stock Exchange are lower than on the London Stock Exchange.
The exchange member submitting the application is Lang & Schwarz Broker GmbH from Germany which is also assuming a market making commitment for bwin.party (ISIN GI000A0MV757). No public offering is being made for bwin.party shares in Austria.