New Accell Group Options Launched
HEERENVEEN, the Netherlands – Accell Group NV announces that a new class of options has been launched, further expanding the trading opportunities in the group’s stock. These new Spotlight Options were launched last Friday on Euronext Amsterdam for six companies listed in Amsterdam, offering investors additional investment opportunities in predominantly small and midcap stocks.
Accell Group was included in the Euronext Amsterdam Midkap Index (AMX) in March this year. René Takens, Chairman and CEO of the Board of Directors of Accell Group: “We are honored and pleased that a new option class has been launched on Euronext Amsterdam for the Accell Group share. We expect these Spotlight Options to literally place us in the spotlight and have a positive impact on the liquidity of the Accell Group share. We therefore wholeheartedly applaud this Euronext Amsterdam initiative.”
CEO Takens continues: “The Spotlight Options segment fits in well with the cutting-edge nature of Accell Group which as a company is constantly working to create distinctive and innovative bicycle and fitness products and services. We recently reached agreement with various parties to establish the largest Dutch Bicycle Experience Center in the city of Ede, where people can test the latest bicycle models and technical solutions. Our focus on innovation is one of the things that has made Accell Group the leader in the European bicycle market and a top 5 player in North America.”
The Spotlight Options have short-term maturities of 1, 2 and 3 months. Based on market demand, Euronext Amsterdam is initially focusing on the development of new option classes for the Amsterdam and Brussels derivatives markets, assisted by a unique combination of liquidity providers and brokers.
The Accell Group share has been listed on Euronext Amsterdam since 1998 and has been trading on the Amsterdam Midkap Index (AMX) since March 2014. Accell Group has seen its turnover rise from € 149 million in 1998 to € 849 million in 2013 as a result of organic growth and acquisitions.