[Last updated: 1 January 2024, unless otherwise noted]
Initial admission fees
The initial Euronext admission fees for equities for 2024 are as follows:
The fee for a technical listing on Euronext, consisting of a listing without a public offering or private placement by a company already listed for a period of at least 12 months in another country, is €371,000 (approximately US$409,955).
An additional admission fee of €15,900 (approximately US$17,570) is due for a secondary listing taking place on Euronext Brussels, Lisbon or Paris at the same time as the primary admission to Euronext Amsterdam.
Subsequent equity issues by an existing public company will be charged according to the same fee structure as new admissions, but with a discount. The admission fee is capped at €1.6 million (approximately US$1.77 million). New shares that are not fungible with existing listed shares (such as new shares that are not entitled to the same dividend or that are of a separate category, such as preferred shares) will be listed on a separate line and charged of an identical fee.
The subsequent admission fee from the exercise of employee stock option plans under a programme is €600 (approximately US$663) per event.
Annual fees
The annual Euronext listing fee is the sum of:
- A commission based on the number of outstanding shares as at 31 December of the most recent year, calculated as follows:
- For issuers with a market capitalization (based on the number of shares outstanding as of 31 December multiplied by the last closing price of the year) above €150 million (approximately US$165.75 million), an additional fee of €13.30 (approximately US$14.70) per million above €150 million (approximately US$165.75 million) is due.
The total annual fee of a category of shares cannot exceed €82,700 (approximately US$91,384).
In the case of dual or multi-listing on several Euronext markets in Europe, the annual fee is applicable only in the market of reference, with the secondary listing(s) getting a 50% rebate.
Issuers must pay a fee of €15,000 (approximately US$16,575) for material corporate events handled by any Euronext market, such as the change of a reference or a combination of subsequent corporate events such as share consolidations.
AFM fees
The AFM will charge a fee upon approval of the listing prospectus. This fee is €65,000 (approximately US$71,825). It should be noted that the AFM is required to charge the relevant fee as soon as the AFM has started the review of an application for approval of the prospectus, even if the company later decides to withdraw an application for approval or if the AFM decides to seize handling or decides negatively on an application for approval.
The AFM also charges various fixed annual fees and variable fees to listed companies. An overview of these fees is available on the AFM's website at: www.afm.nl.