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ESMA guidance on pre-close calls with analysts

ESMA issued a statement on the practice of organising pre-close calls, where issuers share information with analysts immediately before a closed period. ESMA reiterates the legislative framework and identifies best practices for these calls.

Stibbe advises ING Belgium on the placement of shares of Xior Student Housing to Katoen-Natie Group

Stibbe advised ING Belgium on the €80 million placement of 6.5% of all shares of Xior Student Housing.

Max Joosten

Junior Associate Brussels

Sterre Thijssen

Junior Associate Amsterdam

Sofie Ulrix

Junior Associate Brussels

AFM review indicates lack of transparency in use of alternative performance measures by Dutch issuers

AFM sets out the findings of its review of the use of alternative performance measures in financial reporting and concludes that Dutch issuers often fall short of the required level of transparency when reporting their alternative performance measures.

Egbert Vroom

Partner Amsterdam

Stibbe Capital Markets Seminar

On Thursday 20 June 2024, Stibbe will host its annual Capital Markets Seminar. This year, the seminar will discuss “The case for Amsterdam listings – now and in the future”.

Environmental and Human Rights Due Diligence in Action: A Brazilian-European Perspective

Participate in our webinar in collaboration with Brazilian law firm Pinheiro Neto. This session aims to clarify the complexities of EU sustainability legislation and its implications for companies operating in Brazil.

Listing Act: Expanded exemptions for managers to trade during closed periods

In October 2024, the European Council adopted the EU Listing Act, a legislative package that includes changes to the Market Abuse Regulation. We discuss the expanded exemptions to the prohibition of PDMRs carrying out transactions during a closed period.

Verslag NeVER bijeenkomst juni 2023

De NeVER bijeenkomst van 26 juni 2023 richtte zich op de uitdagingen van energiearmoede en de dynamiek van energieprijzen.

EU Listing Act enters into force 4 December 2024

The EU Listing Act, which includes updates to the Prospectus Regulation, Market Abuse Regulation, Markets in Financial Instruments Regulation, and to the Markets in Financial Instruments Directive, has been published on 14 November 2024.

Stibbe advises Unifiedpost Group on its strategic divestment of its Wholesale Identity Access business

Stibbe advises Unifiedpost Group, a Belgian listed company, on the divestment of its Wholesale Identity Access business and the entry into of a partnership agreement following the signing of a term sheet with Your.World BV.

AFM's spotlight on substantial holding notifications

In its latest market watch, the AFM places a spotlight on notifications of substantial holdings and gross short positions in response to the ongoing public discourse on the issue.

Stibbe assists BSTOR

Stibbe assisted BSTOR, a Belgian company specialising in the development and financing of utility-scale battery energy storage parks, in launching the construction of its project D-STOR—a 50 MW / 140 MWh BESS project in La Louvière.

Eline Glazener

Associate Amsterdam

Stibbe advises the underwriters on the capital increase of Xior

Stibbe advised the underwriters ING Belgium, Van Lanschot Kempen, ABN AMRO Bank, BNP Paribas Fortis and KBC Securities on Xior’s successful EUR 80 million capital increase by means of an accelerated bookbuilding.​

EU Listing Act: Market Soundings Regime

Market soundings are a tool for issuers and financial market participants to gauge investor interest in potential transactions before they are publicly announced. These interactions often involve sharing inside information as defined by the MAR.

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