Accell Group Obtains Midcap Listing
HEERENVEEN, the Netherlands – The Accell Group N.V. shares will be included in the Midcap index (AMX) of Euronext Amsterdam from 24 March 2014. The AMX index is made up of 25 medium-sized listed companies on Euronext Amsterdam. It is the first time Accell Group enters the AMX index since the company’s listing in 1998.
René Takens, Chairman of the Management Board of Accell Group: “We consider the inclusion in the Midcap index as a support for our growth strategy. The Midcap listing will further raise our profile among investors. We expect a positive effect on the liquidity of Accell Group’s shares, partly because the stock now also becomes interesting for institutional investors who only trade in funds that are included in the AEX and/or AMX.”
“By actively anticipating on sustainable trends such as mobility solutions for short distances, more exercise and healthier living we have become the undisputed market leader in Europe and a top 5 player in North America,” says Takens. “Our focus on innovative and distinctive bicycle and fitness products and services is leading and bears fruit each year. We therefore are also delighted that recently the Sparta ION RXS+ was awarded E-Bike of the Year 2014 at the RAI Bicycle Awards.”
The composition of the Midcap is reviewed by Euronext Amsterdam annually in March based on the free float adjusted market capitalisation of the listed companies. At the end of February 2014 the total market capitalisation of Accell Group amounted to approximately € 350 million.
Accell Group’s shares are listed at Euronext Amsterdam since 1998 and the company has been part of the Amsterdam Small Cap Index (AScX) since 2008. Accell Group’s turnover increased from € 149 million in 1998 to € 849 million in 2013. Growth has been realised on an autonomous basis as well as by means of acquisitions.