The Bulgarian Stock Exchange (BSE) has announced upcoming changes that will affect the liquidity band applicable to certain financial instruments listed on the SME Growth Market, also known as the BEAM Market. These changes are set to take effect on April 7, 2025.
The amendments concern the liquidity band for Reisswolf Bulgaria AD shares, which are identified by the ISIN BG1100039103 and bear the BSE code RSW. The new liquidity band (LB) assigned to these shares is LB1, which represents an adjustment aimed at aligning with the requirements of the Commission Delegated Regulation (EU) 2017/588.
The regulation in question supplements Directive 2014/65/EU of the European Parliament and the Council, establishing regulatory technical standards concerning the tick size regime for shares, depository receipts, and exchange-traded funds. This aims to determine the applicable tick size for each liquidity band of the financial instruments traded on the Bulgarian Stock Exchange.
According to Article 16 (3) of the BEAM Market Trading Rules, any orders available in the system for these instruments will be cleared after the trading session on April 4, 2025. This measure is necessary due to the change in the minimum tick size.
For further details and a complete list of financial instruments assigned with liquidity bands under Delegated Regulation (EU) 2017/588, stakeholders are encouraged to visit the Bulgarian Stock Exchange's website at https://www.bse-sofia.bg/en/beam-company. The information will be updated with the amendments effective April 7, 2025.