1. Introduction

As part of the spin-off of Pentixapharm Holding AG from Eckart & Ziegler SE, subject to the issuer's admission to the Regulated Market (Prime Standard), we hereby inform you about the procedure for the first price determination on trading venue Xetra (MIC: XETR) for shares of Pentixapharm Holding Holding AG on 3 October 2024.

First trading day: 3 October 2024
 

2. Required action

Trading Participants have to make sure that the Product Assignment Group of the new instrument is assigned to their trader groups.
 

3. Details

The following trading parameters will apply:
 

Trading model: Continuous Trading

With effect from 4 October 2024, Pentixapharm Holding AG will be assigned to Product Assignment Group GER0.

Please note that the market opening for the Pentixapharm Holding AG share will take place in parallel with the Eckert & Ziegler SE share. Please refer to the paragraph below or the table with the schedule for the first price determination for details.

Pre-trading on the first trading day will start from 07:30 CE(S)T. The call phase for the first auction (Opening Auction - Opening Auction Call; display in Xetra: “OpnA”) will start at 08:50 CE(S)T and will last at least 10 minutes. Consequently, the first price determination on Xetra trading will take place not earlier than 09:00 CE(S)T.
 

The following will apply to the Opening Auction:

During the Opening Auction Call Phase, if the order book is crossed, the indicative auction price, auction volume and auction surplus (volume and side) will be displayed. If the order book is not crossed during the Opening Auction Call Phase, the best bid limit and the best ask limit with their respective volumes will be displayed.
 

Directly after the Opening Auction, Continuous Trading will follow.
 

Please note the following special procedures:

• Orders entered with trading restriction “OAO” (Opening Auction only) will only be considered in the first auction of the exchange trading day, i.e. in the first price determination for the shares. Orders entered with trading restriction “AOO” (Auction only) will be considered in the opening auction, the intraday auction and the closing auction.
• The usual safeguards in Xetra (MIC: XETR) will also be applied in the Opening Auction. Therefore, a volatility interruption may occur following the Auction Call Phase.
• The intraday auction starts at 13:00 CE(S)T and takes at least two minutes.
• If an exceptional number of orders is executed in any one auction, it may lead to delays in processing confirmations.
• Moreover, the “Market Model for the Trading Venue Xetra^®” applies.

Treatment regarding the SDAX^® index:

With the coming into effect of the spin-off of Pentixapharm Holding Truck Holding AG from Eckart & Ziegler SE, an adjustment to the SDAX^® index will be required. Therefore, on 3 October 2024, the Pentixapharm Holding AG share will be included for one day in the SDAX^® index in order to ensure that investors are able to track the index. 

On 3 October 2024, after close of trading, the Pentixapharm Holding AG share will be removed from the SDAX^® index and the weighting of the Eckart & Ziegler SE share will be adjusted accordingly.
 

Schedule for the first price determination for shares of Pentixapharm Holding AG on 3 October 2024 on trading venue Xetra (MIC: XETR):

* CE(S)T = Central European (Summer) Time. The actual changes of trading phases in the Xetra trading system are decisive.

Further information