It is an official player authorized, supervised and regulated by Euronext/BME Growth respectively, with a double function:

a) Accompany the companies in the incorporation process, making sure that they meet all the requirements demanded by each market, acting as global coordinator of the entire process, ensuring that the information provided by the different advisors is accurate and complete.

b) Ensure that the company complies with its information obligations while it is listed on the market. In the case of Euronext, Armanext is the first Spanish firm to operate as a Listing Sponsor. At BME Growth we operate under the firm Armabex as a Registered Advisor.

Yes, the Listing Sponsor or Registered Advisor is an obligatory player in the markets for SMEs in expansion. It is in charge of coordinating and supporting the shareholders and the management of the company throughout the process of incorporation and maintenance in the Market.

• Auditor companies should be audited.
• Appraiser.
• Legal adviser.
• Bank Agent.

The different Advisors required (mainly auditor, appraiser and legal advisor) must be experienced and prestigious firms regardless of their nationality.

In the case of Spanish companies, the most practical thing is to hire local advisers with experience in Spanish legislation.

It is one of the ways that companies have to access the stock markets with the particularity that it is not necessary for any share to change ownership, compared to Public Offerings Sales or Public Subscription Offerings, in which, coinciding at the time of the IPO there is a purchase and sale of old shares or a subscription of new shares.

At the time of incorporation, the corporate structure does not undergo changes, since even in EuronexT Access it is not even necessary to have a minimum diffusion (free float). Very suitable for companies with a strong shareholding concentration in a very small group of shareholders.

It is one of the ways of accessing that is increasingly used by SMEs and REITs, since it allows them to list without incurring the costs and risks involved in having to carry out a public subscription or sale offer(IPO/FPO).

The technical listing allows access to the stock markets without the risks, costs and deadlines of a Public Offer.

Advantages of the Technical Listing:

1. Advantages of the Technical Listing
2. No minimum number of partners is required.
3. Without changing the registered office or tax address of the company.
4. No minimum income or benefit requirements.
5. Accessible for single shareholder companies.
6. At a later time, it may be decided to make a public offering of shares to obtain liquidity and attract investors or a capital increase.

Also known as the Alternative Market, it is a Stock Market generally oriented towards small companies seeking to expand, with custom regulations designed specifically for them and with costs and incorporation processes adapted to their characteristics.

They are markets, promoted by the European Union in its desire to bring the Stock Markets closer to European SMEs. They have simpler admission and permanence processes aimed at small and medium-sized companies, homogeneous in all EU countries, with the aim to ease their access to new sources of financing. Examples of Markets for expanding SMEs are BME Growth and Euronext Growth.

This information can be consulted in the table: Can my company be listed on Euronext?

Each case is unique but in general a prepared company can take between 3-6 months to enter the market.

The decision to be listed on a Stock Market is perhaps one of the most important events that the founder(s) of the company must make.There are many factors that can lead you to decide, but above all it is important to fully understand how this can help you meet your growth and development expectations, providing funds, image, talent retention or access to corporate transactions.The Stock Markets are mainly aimed at those companies that estimate significant growth over the next 2-3 years.

Prior information, knowing the requirements for admission to trading and the obligations derived from remaining listed are key factors in which Armanext dedicates various meetings with reference shareholders so that they can make the most appropriate decision with all the necessary information.

Through any stock broker that has registered the security in its system.

Only if there are shares for sale.

Yes, both at Euronext and at BME Growth I can get funds or investors. In both markets there are active institutional investors who follow both markets on a daily basis.