GOWEX Starts its Listing on NYSE-Euronext
Poster: SySAdmin
Posted on June 15, 2010 at 8:07:01 AM
GOWEX Starts its Listing on NYSE-Euronext
PARIS, June 15, 2010--
- GOWEX, European Leading Company of Internet Mobile That
Creates WiFi Cities Start Listing on NYSE-Euronext.
- GOWEX, After Becomes the First Company of Internet
Technology and Mobility to be Listed on the MAB Madrid Stock Exchange,
Becomes the First, and the Only one, Spanish Company to be a DUAL LISTING on
NYSE - Euronext.
GOWEX Group, a Spanish telecommunications and wireless
services founded in 1999 and headquartered in Madrid's Paseo de la Castellana
has already given its official break parquet stock in the NYSE - Euronext, in
Paris.
From 9:00 am today, GOWEX is officially a company listed on
the NYSE - Euronext Alternative Stock Market
DUAL LISTING
This "dual listing" has been made by a technical listing of
the existing shares of GOWEX.
The process do not involves a capital increase or subscription
of new shares.
The starting price has been set at 3.5 euros per share, and it
is the same as the one of the capital increase that took place in Spain in
March 12th, 2010.
In the capital increase, GOWEX group with Caja Madrid Bolsa as
underwriters, have signed up 6 million euros in new shares. The result of
Subscription Offer, in which there has been no sale of shares, represents
about 15% of free float of the company. The Market Cap of the company is over
40 million euros divided into 11.511 million shares.
GOWEX has selected shareholders based on the commitment of
maintaining a shareholder of the company's during a medium-long term.
The information is available to shareholders on the company's
web, on NYSE Euronext website, and on MAB Madrid Stock Exchange website.
We further emphasize that GOWEX has no debt, is profitable
since 2005, with 2, 9 million euros of Net Profit in 2009 and has been doing
business in Telecommunications in four continents, Europe, America, Asia and
Africa.
"ALGOW"
The code to continue negotiating the price of GOWEX in
Alternext is "ALGOW". The pricing is determined by the modality of "fixing."
All Spanish and foreign shareholders will buy or sell in both
markets: at the NYSE- Euronext as well as the MAB Madrid Stock Exchange.
The "listing sponsor" that carried out the operation is Avenir
Finance which is the European leader in IPO's on NYSE Euronext to small caps
and BNP Paribas Securities Services will become the paying agent in Madrid
and Paris.
WiFi Cities
Jenaro Garcia, GOWEX CEO, said, "This milestone will allow us
to continue growing in Europe and abroad at the base of our strategy of
creating economically sustainable cities and allowing WiFi roaming between
all actors." Jenaro grateful for the courage and commitment of his entire
team, as he mentions, "it is a large multidisciplinary team on the Internet,
telecommunications, financial and marketing media content."
"And thanks to investors, partners and customers, we get leading projects
that involve several 'actors' of municipal life in all its sectors
(universities, trade associations, companies, kiosks, users, etc...). Through
the deployment and management of WiFi networks we will get a market of
abundance to increase the benefits for all".
About GOWEX Group
GOWEX Group is a Spanish company, founded in 1999, which
operates in the technology sector, Internet mobility and telecommunications,
where it occupies a unique position as neutral operator service provider of
infrastructure and interconnection of operators. Today is dedicated to two
main areas of activity:
- "GOWEX wireless (the main driver of growth), which provides
services related to wireless telecommunications consultancy, management
and operation of WiFi networks, wireless roaming platform and
advertising operation geo located e-commerce wireless networks.
- GOWEX Telecom (traditional business), focused on B2B products
and telecommunications services (bandwidth, data transmission circuits,
virtual private networks, etc...), through its trading platform.
GOWEX has received the National Award for Innovation in Spain
and is vice president of e-Mobility, European private entity that decides
standards on mobile communications technology.
Also GOWEX is a member of the Executive Committee of the ITU,
an international agency of the United Nations oversees the technological
development of developing countries and the Third World, it is the only
Spanish SME that has the OSEO ANVAR certification, and created
REDSINFRONTERAS.ORG Foundation that promotes the use of technologies and
Internet access to disadvantaged groups and geographical areas.
Contact details GOWEX Group:
Florencia Mate: fmate@gowex.com
Telephone: +34-670738579
Links:
http://www.lavidawifi.com
http://www.gowex.com
Source: GOWEX Group
Contact details GOWEX Group: Florencia Mate: fmate@gowex.com, Telephone: +34-670738579
PARIS, June 15, 2010--
- GOWEX, European Leading Company of Internet Mobile That
Creates WiFi Cities Start Listing on NYSE-Euronext.
- GOWEX, After Becomes the First Company of Internet
Technology and Mobility to be Listed on the MAB Madrid Stock Exchange,
Becomes the First, and the Only one, Spanish Company to be a DUAL LISTING on
NYSE - Euronext.
GOWEX Group, a Spanish telecommunications and wireless
services founded in 1999 and headquartered in Madrid's Paseo de la Castellana
has already given its official break parquet stock in the NYSE - Euronext, in
Paris.
From 9:00 am today, GOWEX is officially a company listed on
the NYSE - Euronext Alternative Stock Market
DUAL LISTING
This "dual listing" has been made by a technical listing of
the existing shares of GOWEX.
The process do not involves a capital increase or subscription
of new shares.
The starting price has been set at 3.5 euros per share, and it
is the same as the one of the capital increase that took place in Spain in
March 12th, 2010.
In the capital increase, GOWEX group with Caja Madrid Bolsa as
underwriters, have signed up 6 million euros in new shares. The result of
Subscription Offer, in which there has been no sale of shares, represents
about 15% of free float of the company. The Market Cap of the company is over
40 million euros divided into 11.511 million shares.
GOWEX has selected shareholders based on the commitment of
maintaining a shareholder of the company's during a medium-long term.
The information is available to shareholders on the company's
web, on NYSE Euronext website, and on MAB Madrid Stock Exchange website.
We further emphasize that GOWEX has no debt, is profitable
since 2005, with 2, 9 million euros of Net Profit in 2009 and has been doing
business in Telecommunications in four continents, Europe, America, Asia and
Africa.
"ALGOW"
The code to continue negotiating the price of GOWEX in
Alternext is "ALGOW". The pricing is determined by the modality of "fixing."
All Spanish and foreign shareholders will buy or sell in both
markets: at the NYSE- Euronext as well as the MAB Madrid Stock Exchange.
The "listing sponsor" that carried out the operation is Avenir
Finance which is the European leader in IPO's on NYSE Euronext to small caps
and BNP Paribas Securities Services will become the paying agent in Madrid
and Paris.
WiFi Cities
Jenaro Garcia, GOWEX CEO, said, "This milestone will allow us
to continue growing in Europe and abroad at the base of our strategy of
creating economically sustainable cities and allowing WiFi roaming between
all actors." Jenaro grateful for the courage and commitment of his entire
team, as he mentions, "it is a large multidisciplinary team on the Internet,
telecommunications, financial and marketing media content."
"And thanks to investors, partners and customers, we get leading projects
that involve several 'actors' of municipal life in all its sectors
(universities, trade associations, companies, kiosks, users, etc...). Through
the deployment and management of WiFi networks we will get a market of
abundance to increase the benefits for all".
About GOWEX Group
GOWEX Group is a Spanish company, founded in 1999, which
operates in the technology sector, Internet mobility and telecommunications,
where it occupies a unique position as neutral operator service provider of
infrastructure and interconnection of operators. Today is dedicated to two
main areas of activity:
- "GOWEX wireless (the main driver of growth), which provides
services related to wireless telecommunications consultancy, management
and operation of WiFi networks, wireless roaming platform and
advertising operation geo located e-commerce wireless networks.
- GOWEX Telecom (traditional business), focused on B2B products
and telecommunications services (bandwidth, data transmission circuits,
virtual private networks, etc...), through its trading platform.
GOWEX has received the National Award for Innovation in Spain
and is vice president of e-Mobility, European private entity that decides
standards on mobile communications technology.
Also GOWEX is a member of the Executive Committee of the ITU,
an international agency of the United Nations oversees the technological
development of developing countries and the Third World, it is the only
Spanish SME that has the OSEO ANVAR certification, and created
REDSINFRONTERAS.ORG Foundation that promotes the use of technologies and
Internet access to disadvantaged groups and geographical areas.
Contact details GOWEX Group:
Florencia Mate: fmate@gowex.com
Telephone: +34-670738579
Links:
http://www.lavidawifi.com
http://www.gowex.com
Source: GOWEX Group
Contact details GOWEX Group: Florencia Mate: fmate@gowex.com, Telephone: +34-670738579