News Column

Euronext introduces equity options on NN Group N.V

July 10, 2014

ENP Newswire - 10 July 2014

Release date- 09072014 - Euronext N.V. will add options on the shares of international insurance and investment management company NN Group N.V. to its highly successful range of equity option classes.

The options will be available as of July 17th on the Amsterdam market of Euronext.

NN Group is an insurance and investment management company with a strong, predominantly European presence in more than 18 countries. With over 12,000 employees the group offers retirement services, insurance, investments and banking to more than 15 million customers. NN Group includes Nationale-Nederlanden, ING Insurance Europe, ING Investment Management and ING Life Japan.

The new listed equity options follow the successful IPO of NN Group on Euronext Amsterdam on July 2nd, 2014.

Adam Rose, Head of Financial Derivatives at Euronext, said: 'We're delighted to announce the launch of the NN Group options. With the listing of these new options we are further expanding our successful equity option franchise. Equity options provide significant added value to the liquidity of the underlying share and will benefit the visibility of the company.'

These new American-style options (option trading symbol: NN) will expire on the third Friday of the contract month and will have initial maturities of 1, 2, 3, 6, 9 and 12 months. Each option will represent 100 shares in NN Group and will be cleared via LCH.Clearnet SA.

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: ENP Newswire

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters