Financial instruments on Progress Market

Financial instruments which may be traded on the Progress Market are:

• shares, including depositary receipts for shares; and
• bonds, including depositary receipts for bonds

Financial instruments referred to in an application for admission to trading on the Progress Market must meet the following criteria:

• must be free float and issued in accordance with the regulations applicable to them;
• the legal status of the issuer of financial instruments must be compliant with legislation of the Republic of Croatia or of the state of the issuer’s registered seat;
• must be in non-materialised form;
• the issuer has prepared an Basic Admission Document or Summary Admission Document
• an efficient settlement of transactions must be ensured for financial instruments
• for shares: at least 10% of the shares must be publically distributed.

Details on requirements for admission of financial instruments to trading on the Progress market can be find in Progress Market Rules.