NYSE EURONEXT EXTENDS LISTING MEASURE SPYKER
NYSE Euronext granted Spyker N.V. (“Spyker”) a second extension of its listing measure until 13 September 2013.
The ordinary shares of Spyker are allocated to a special listing segment since 13 September 2011. The NYSE Euronext listing measure had a term of one year; per Spyker’s request it has been extended with six months. It allowed Spyker to execute restructuring measures in anticipation of a return to the Official Market. Spyker’s equity became positive. Spyker concluded further agreements with Youngman regarding financial investments. In addition, Spyker executed a reverse stock split to improve the tradeability of its shares.
Spyker now has applied for a second extension of the listing measure to further complete its restructuring process, which has been granted by NYSE Euronext. It is the firm intention of Spyker to complete the restructuring process before the expiration of this extension and to return to the Official List.