Xryma Plc plans Euronext Paris relisting with pre-listing liquidity facility
Cyprus-based Xryma Plc intends to seek relisting on Euronext Paris within twelve months, subject to approval. The company is initiating a pre-listing liquidity facility and price discovery process.
Xryma Plc, a company based in Cyprus, has announced its intention to seek relisting on Euronext Paris within the next twelve months, pending regulatory approval. Before submitting the formal application, Xryma plans to establish a pre-listing liquidity facility and a price discovery procedure.
The pre-listing process will involve a private placement with institutional and qualified investors, alongside a secondary market offering for current shareholders wishing to exit their positions before the potential listing. This aims to provide shareholders a straightforward option to divest their holdings without the need to open an EU broker account, while also establishing a market-validated reference price for Xryma shares.
Details of the pre-listing liquidity facility program will be sent to shareholders in August 2026. Shareholders can set a minimum selling price, and if the final market price determined through bookbuilding is higher, their shares will be sold at that price, less applicable fees. Allocations may be adjusted based on demand from both shareholder and investor pools.
CEO Nikogiannis (John) Karantzis stated the initiative is a response to shareholder feedback for a simpler divestment method. He emphasized the structure is designed to set a credible reference price while limiting dilution, primarily catering to existing shareholders' exit intentions. Further updates on the revised timeline will be provided in due course.