Progress Market is multilateral trading facility in Croatia and Slovenia, managed by the Zagreb Stock Exchange, Inc, intended for small and medium enterprises.
The cooperation between Zagreb and Ljubljana Stock Exchanges will enable small and medium-sized companies to raise capital in Croatia and Slovenia.
When investing in securities traded on the Progress Market, investors should take into account the following:
The Progress Market is an SME Growth Market managed by the Exchange.
The main characteristic of the Progress Market are lower transparency requirements for the issuers compared to the regulated market and, consequently, a higher associated risk of investing in securities traded on the Progress Market.
The Exchange ensures in the manner provided for in these Rules that regulatory information on the issuers, including their financial statements and information about securities traded on the Progress Market is publicly available to ensure fair and orderly trading and pricing.
The obligation to publicly disclose any information laid down in these Rules is binding on the issuer based on whose application a security has been admitted to trading on the Progress Market or another person on behalf of the issuer, if applicable.
The provisions of the CMA, Regulation (EU) No 596/2014 and other applicable regulations and subordinate legislation adopted on the basis of such regulations relating to the prevention and detection of market abuse shall apply to trading on the Progress Market.
The admission of financial instruments to trading on the Progress Market is not equivalent to the listing of such financial instruments on the regulated market managed by the Zagreb Stock Exchange, Inc.
Investors should be aware of the risks of investing in financial instruments admitted to trading on the Progress Market and, before deciding whether to invest or not, they should make an appropriate analysis and consult an investment adviser, if necessary.