Libourne – 12 December 2017 – Fermentalg (Euronext – FALG), French leader in microalgae for nutrition and health, has announced that its shares will be eligible for Euronext Paris' “long-only” Deferred Settlement Service (SRD) starting on 27 December 2017.
The “long-only” SRD is a mechanism that allows buy-side investors to take long positions on a list of eligible securities while only providing partial payment up front. The financial intermediary covers the balance of the investor's position until the end of the month.
To be eligible for the “long-only” SRD, securities must be listed on Euronext Paris and have daily trading volumes of at least €100,000.
According to Euronext statistics, the average daily trading volume for Fermentalg shares has exceeded €117,000 since the start of 2017, up nearly 90% from €62,000 in the prior-year period.
Becoming eligible for the “long-only” SRD will help increase the visibility and appeal of Fermentalg shares in the financial community.
Fermentalg is a French leader in microalgae. Based in Libourne (Nouvelle Aquitaine), the company produces oils, pigments and proteins through the bio-industrial exploitation of microalgae. Its primary markets are the human nutrition and animal feed sectors as well as the health industry. Fermentalg shares are listed on Euronext in Paris (FR0011271600 - FALG). For more information, visit the Fermentalg website at: www.fermentalg.com