• četvrtak, 24 jul 2025

From 1,000 to 15,000 EUR for rating on A and B lists

From 1,000 to 15,000 EUR for rating on A and B lists
Montenegrin companies that want to be rated on the #A# list of the new stock exchange Nex Montenegro have to pay 2,000 - 15,000 EUR, or 1,000 to 10,000 EUR for rating on the list #B#, stated this company. "Companies that can take a place on the #A# list, must be #the most successful# in Montenegro and they have to pay 0.2 percents and 0.15 percents for the #B# list of their total nominal value of shares for the first acceptance, that is, its market value after its establishing," said Mladen Bojanic, director of Nex Montenegro for Montena business. He said that 200 EUR is to be paid monthly for keeping the securities on the list #A# and 100 EUR for the list #B# and added that this amount did not depend of their total value. He added that this stock exchange had not received any requests from Montenegrin companies interested in joining the lists #A# and #B# and on which they can be rated under certain conditions. According to the recently passed Regulation on rating on NEX Montenegro stock exchange, the companies that want their shares rated on A and B lists must submit the request and accompanying documents to its Commission for ratings. "The company that wants to be rated on the A list must be registered at least three years before the date the request had been submitted on, and its shareholder capital should be higher than 2.5 million EUR. The extent of each new emission of shares must be minimum 100,000 EUR and the company should have more than 100 shareholders," said Bojanic. He also said that it was necessary for the company to conclude the previous fiscal year with profit, to pay its dividends on time and its shares must have no trade limitations. Financial report of the company that wants its shares rated on the stock exchange list must be in line with the Law on securities. Similar conditions apply to the companies whose shares would be rated on the B list. They are to be registered at least one year before submitting of the request, to have more than 25 shareholders and extent of new emissions of more than 25,000 EUR. "All companies that do not fulfil conditions for A and B lists would be put on the third list, the list of free trade. In order to be rated on this list, the owner of shares of the company is only to report the offer o demand for shares to the stock exchange. These companies must be registered in the Central Depositary Agency. Without it, it is not possible to participate in stock exchange," explained Bojanic.