[Last updated: 1 January 2024, unless otherwise noted]
Initial admission fees
The initial Euronext admission fees for equities are as follows:
- A fixed fee of €20,000 (approximately US$22,100).
- A variable fee, to be determined in function of the market capitalization as follows:
- The total fee (fixed and variable) cannot exceed €2.5 million (approximately US$2.76 million).
The fee for a technical listing on Euronext, consisting of a listing without a public offering or private placement by a company already listed in another country is the standard initial admission fee capped at €371,000 (approximately US$409,955).
An additional admission fee of €15,900 approximately (US$17,570) for any additional listing taking place on Euronext Amsterdam, Lisbon, London or Paris, at the same time as, or later than the primary admission to Euronext Brussels.
An issuer transferring its equity securities from one Euronext exchange market (whether regulated or not) to another Euronext exchange market 6 months after the initial submission, will receive a 50% discount on the standard admission fee, with a minimum of €15,900 (approximately US$17,570). A transfer within 6 months after the initial admission is free.
Further 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). The admission fee for a subsequent admission of shares solely related to the payment of a bonus issue is capped at €371,000 (approximately US$409,955) per annum. The admission fee for a subsequent admission of shares pursuant to the exercise of stock options under a program 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 full annual fee is applicable only in the market of reference. The annual fee of Euronext market of a second listing shall be the subject of a 50% rebate. Any additional listings shall not be the subject of any additional annual fees.
Issuers must pay a fee of €15,000 (approximately US$16,575) for material corporate events handled by any Euronext market.
FSMA fees
The FSMA will charge a fee upon approval of the prospectus and certain other actions or filings. The fees depend on the type of filing or approval requested.