Identification
Symbol
OTCB
ISIN code
BE0003834513
Exchange / Market
Euronext Access
Trading location
Brussels
ICB
Specialty Finance
Activity description

<p>
Option Trading Company was founded in June 2000. It is active in arbitrage and derivative transactions and exclusively handles its own accounts. OTC is under the supervision of the Banking, Finance and Insurance Commission with a &lsquo;derivatives specialist&rsquo; status.<br />
<br />
The company also concluded an agreement with Euronext.Liffe Brussels in which it ensures liquidity in the future on the BEL20 index. Furthermore, OTC mainly operates on Euronext.Liffe Brussels as a &lsquo;dealer&rsquo; in derivatives on various shares such as Belgacom, Fortis, Dexia, Delhaize, etc&hellip;<br />
<br />
Contrary to speculation, OTC&rsquo;s arbitrage activities do not involve an opinion on the market itself. The objective of most of the transactions is to take advantage of a measurable and temporary price difference in comparable financial products. OTC thus capitalizes on market inefficiencies and only relies on rational elements.<br />
<br />
....<i>(Ie notice for detail)</i></p>

Website address
Issuer website
http://www.otc.com/
Operation
IPO date
IPO type

<p>
Fixed Price Offer</p>

IPO price
5.5 euros
IPO type
Initial Public offering
Catégorie
IPO
Operation procedure

<p>
Conditions of the fixed-price offer (Centralization by Euronext Brussels) Fixed-price: 5.5 euros A maximum of 33,218 shares made available to the market. Result of the fixed-price offer: (Ie notice for detail) Trading of the shares After the closing of the fixed-price offer, a maximum of 2,088,091 shares shall be listed on the Free Market of Euronext Brussels representing all of the existing shares of the company. (Ie notice for detail) Subscription of the new shares is not guaranteed. (Ie notice for detail) Request for listing Euronext Brussels also received an application for listing on the Free Market of Euronext Brussels of maximum 100,000 new ordinary shares, which could be issued following the exercise of 100,000 warrants granted to the staff which were issued on 08.05.2006 following the decision of the company OTC s.a.</p>

Operation description
Operation calendar

<p>
- Date of approval of the prospectus by the CBFA: 9 May 2006 - Opening of the Priority Offer and the Non-Priority Offer: 15 May 2006 - Closing of the Priority Offer: 15 May 2006 - Closing of the Non-Priority Offer: 17 May 2006 - Centralization date: 19 May 2006 - Allocation of the shares: 19 May 2006 - Publication of the results by Euronext Brussels notice: 19 May 2006 evening - Payment Date: 24 May 2006 - Settlement-delivery date: 24 May 2006 - First trading date on NSC: 24 May 2006</p>