Avantium enters the Euronext Amsterdam SmallCap Index
In the Netherlands, renewable chemical process developer Avantium B.V. has announced that it has been promoted to the Euronext Amsterdam SmallCap Index (AScX), following the quarterly review by Euronext. The AScX index consists of the 25 listed companies that – in terms of size – make up 51-75 companies on the Dutch stock exchange. The effective date of the change is March 23, 2020.
The AScX is a free-float market capitalisation weighted index composed of 25 Dutch funds that are listed on Euronext Amsterdam. Eligible companies that fulfil the velocity and free float requirements are ranked based on the size. Newly listed companies may be added to the index at the occasion of the quarterly review if they rank 23 or higher.
We are pleased to be included in the AScX Index, as this further enhances our visibility to investors. The inclusion in the AScX Index will give us access to a new pool of funds mandated to invest in companies in this index, commented Tom van Aken, CEO of Avantium.