Paris, 27 January 2010 – NYSE Euronext today announced the listing of pay-video content distributor VideoFutur Entertainment Group on NYSE Alternext.
The market debut of VideoFutur Entertainment Group (symbol: ALVOD) by direct listing follows the decision of its parent company Netgem (symbol: NTG) to separate business-to-business technology operations, run by IPTV, from business-to-consumer publishing and distribution of DVDs and video, operated by VideoFutur Entertainment Group. Listing was through the distribution of 38,019,716 shares to Netgem shareholders. Assets distributed were valued at EUR 25 million or EUR 0.66 per Netgem share, which became the introductory price applied to VideoFutur Entertainment Group.