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Tuesday, January 17, 2017 
Market Status: CLOSE
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Listing fees

A company is charged with two fees prior to the listing, i.e. the processing fee and the listing fee, and one annual maintenance fee, payable starting after the first year of listing.

Fee Description Payment
1. Processing Fee Fee for processing the documentation for admission to trading or upgrade Paid before the day when the documentation for the admission to trading/upgrade is submitted to BVB
2. Listing Fee One-time fee, for the admission to trading on the Regulated Market Paid within 10 working days after being notified on BVB’s decision regarding the admission to trading
3. Maintenance Fee Annual fee, paid for maintaining the financial instruments on the Regulated Market Paid within 10 working days after the previous 12 months of trading the financial instruments have ended
4. Upgrade Fee Fee for upgrading the financial instrument from one tier to another Paid within 10 working days after being notified on BVB’s decision regarding the upgrade

Selective data regarding the fees charged to issuers, by BVB only, is presented below. The admission, upgrade and maintenance fees are calculated based on the monthly weighted average value (a measure that approximates the issuer’s market capitalization, determined according to the methodology detailed in BVB’s Rulebook) and the shareholders’ equity. Fees are presented in RON and are VAT exclusive.

Note: There may be other costs related to the listing, charged by third parties, such as FSA, intermediary, advisors or auditors.
Processing Fee Admission Fee Maintenance Fee
Premium Tier 1,200 11,100 – 21,000 11,100 – 21,000
Standard Tier 3,600 – 7,500 3,600 – 7,500
International Shares Tier 3,600 – 7,500 3,600 – 7,500
See the full list of fees