Electronic Share Market:

allocation of financial instruments

between trading segments

In accordance with Article 4.1.2. of the Rules of the Markets it organises and manages, Borsa Italiana has determined the allocation of financial instruments between the trading segments of the Electronic Share Market - Blue Chip, STAR, Ordinary Segment Class 1, Ordinary Segment Class 2 - which will come in force on 18 March 2002.

The following tranfers between segments will become operative as from that date:

  • STAR to Blue Chip: Merloni (ordinary and savings shares);

  • Blue Chip to Ordinary Segment Class 1: Banco di Napoli (savings shares), Bayerische Vita, Banca Intermobiliare di Investimenti e Gestioni (ordinary shares and warrants), Ericsson, IT Holding, Marzotto (ordinary, savings and convertible savings shares), Snai;

  • Ordinary Segment Class 2 to Ordinary Segment Class 1: Linificio (ordinary and savings shares), Marangoni, Zucchi (ordinary and savings shares);

  • Ordinary Segment Class 1 to Ordinary Segment Class 2: Banca Popolare di Spoleto, La Gaiana.

Companies belonging to the Ordinary Segment and Blue Chip Segment with market capitalisation of less than 800 million Euro on 28 February 2002 may apply to Borsa Italiana for STAR status.

Please note that as from 18 March 2002:

  • In accordance with Article IA 4.1.12 of the Instructions accompanying the Rules for the Markets it organises and manages, Borsa Italiana will update the obligations of the specialists on STAR on the basis of the average daily value of transactions over the six-month period September 2001-February 2002 inclusive;

  • Closed-end funds will continue to be traded in the Ordinary Segment in accordance with Class 2 trading procedures and timetables;
  • Financial instruments traded on the Mercato Ristretto will maintain the timetables and the trading procedures laid down for Class 2 of the Ordinary Segment;
  • Financial instruments traded on the Nuovo Mercato will keep their own timetables and trading procedures, which coincide with those for the Blue Chip and STAR Segments of the Electronic Share Market.


Milan, 11 March 2002


Market segmentation in force as of 18 March 2002 (xls)

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