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Banking

Bourse launched trading with ECM warrants.

Bourse launched trading with ECM warrants. Warrants issue of the property developer ECM Real Estate Investments started trading on the Official Free Market of the Prague Stock Exchange (PSE) on Dec 11, the bourse announced. The specialists for managing the warrant issue trading will be domestic bank HVB Bank CR. ECM has issued 1.72818mn warrants, which are traded in CZK, but are finally settled in EUR. The warrants mature on July 22, 2011 . The open price in the automatic trades has been set at CZK 845 per security, while that on the SPAD trades – CZK 860. In the meantime, as of Dec 11, the ECM share issue has been switched from conditional to regular trading regime on the bourse Main Market as all conditions for this have been fulfilled. As a result, the ECM share issue will be included in the PX-GLOB Index base with 3.735mn securities as of today, Dec 12.

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