22:22:14 EDT Mon 29 Apr 2024
Enter Symbol
or Name
USA
CA



Sirona Biochem Corp
Symbol SBM
Shares Issued 143,756,915
Close 2015-09-10 C$ 0.16
Market Cap C$ 23,001,106
Recent Sedar Documents

Sirona Biochem receives approval to trade on Xetra

2015-09-11 13:08 ET - News Release

Dr. Howard Verrico reports

SIRONA BIOCHEM APPOINTS GERMAN PRIVATE BANK HAUCK & AUFHAUSER AS DESIGNATED SPONSOR FOR XETRA(R)

Sirona Biochem Corp.'s shares have been accepted for continuous trading on the German electronic trading platform Xetra under the ticker symbol ZSB.DE. The international security identification number (ISIN) is CA82967M1005.

The electronic trading system Xetra is utilized to trade approximately 300,000 international instruments. Xetra has a market share of over 90 per cent in equity trading and is one of the fastest trading systems in the world with a round-trip time of only two milliseconds. Financial institutions, securities trading houses and brokers can participate in Xetra trading. Xetra operates independently of the trader's location, permitting international participation. In fact, more than 130 participants from European countries outside Germany trade on Xetra.

Sirona Biochem has appointed Hauck & Aufhauser Privatbankiers KGaA (H&A) as its designated sponsor on Xetra. The designated sponsor will work to facilitate higher liquidity in stock trading of Sirona common shares by maintaining a constant quotation volume (minimum trade volume) to ensure tradability is guaranteed -- even in highly volatile market periods.

Dr. Howard Verrico, chief executive officer and chairman of Sirona Biochem, stated: "The Xetra listing marks a further step in Sirona's commitment to its shareholders to enhance the liquidity of the company's common shares and is one of many initiatives we are taking to further increase market awareness. A generally visible valuation discount due to limited liquidity will be reduced and therefore should generate an increased interest of institutional investors. Several potential European investors have confirmed that a continuous Xetra listing will make it easier for them to invest in Sirona. We are proud that, from our point of view, the best Xetra specialist team in Germany has chosen Sirona as a new client."

About Hauck & Aufhauser Privatbankiers KGaA

Hauck & Aufhauser Privatbankiers is one of the few independent private banks in Germany and can look back on over 219 years of tradition. The bank resulted from the 1998 merger of two highly traditional private banks: Georg Hauck & Sohn Bankiers, founded in Frankfurt am Main in 1796, and Bankhaus H. Aufhauser, which opened its doors in Munich in 1870.

From its locations in Frankfurt am Main, Munich, Hamburg, Dusseldorf and Cologne, the bank focuses on providing comprehensive advisory services and administering the assets of its private, corporate and institutional clients. This includes asset management for institutional investors, close co-operation with independent asset managers, and both the concept and management of private-label funds.

The partners of the bank consist of the personally liable partner, Jochen Lucht, and the partners Michael O. Bentlage and Stephan Rupprecht. All of the bank's capital is in the hands of private investors. Hauck & Aufhauser considers itself a private bank that combines modernity with a strong sense of tradition. The focus of its business activities is on providing comprehensive and personalized advisory services, which form the basis for developing customized solutions.

We seek Safe Harbor.

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