srd10.02.2012 07:00:00 CET
PRESS RELEASE - Paris, 10 February 2012
TOUAX joins SRD 'Long Only' of NYSE Euronext starting 24 February next
TOUAX is pleased to announce to its shareholders and the market that the company's shares have been admitted to the 'Long Only' compartment of NYSE Euronext's Deferred Settlement Service (SRD) where they will be listed as of 24 February.
The SRD mechanism is framed by strict prudential rules, which allow investors to leverage their investments. In this system, investors communicate their order to their financial intermediary who transmits it to the regulated market. The purchase order is executed and then delivered three days later to the financial intermediary. The financial intermediary finances the purchase transaction in cash until the end of the month, which means the investor may benefit from up to 31-day payment terms.
Fabrice and Raphaël Walewski, managing partners, add that "the SRD label will enhance the visibility of the TOUAX shares and improve their liquidity by giving a new category of investors, access to the shares".
The TOUAX Group provides its operational leasing services to a global customer base, both for its own account and on behalf of investors. TOUAX is the European leader in shipping containers and river barges, and no. 2 in modular buildings and freight railcars (intermodal railcars). TOUAX is well positioned to take advantage of the rapid growth in corporate outsourcing of nonstrategic assets and offers efficient and flexible leasing solutions to more than 5,000 customers daily.
TOUAX is listed in Paris on NYSE EURONEXT - Euronext Paris Compartment C (Code ISIN FR0000033003) and in the CAC® Small and CAC® Mid & Small indexes and in the SRD Long only.
Contacts:
TOUAX
Fabrice & Raphaël Walewski
Managing partners
Tel: +33 (0)1 46 96 18 00
ACTIFIN
Jean-Yves Barbara
Tel: +33 (0)1 55 88 11 11