Securities on Progress Market

Securities which may be traded on the Progress Market are:

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

Securities 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 securities 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 securities
  • for shares: at least 10% of the shares must be publically distributed.

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