Exhibit 99.1

 

 

 

CONTACT - Media:     CONTACT - Investor Relations:
       
Amsterdam +31.20.721.4133 Brussels +32.2.620.15.50 +33.1.70.48.24.17

Dublin

Oslo

+353 1 617 4221

+47 22 34 17 40

Lisbon

Paris

+351.210.600.614

+33.1.70.48.24.45

 

 

AERKOMM LISTS ON EURONEXT PARIS

 

Market capitalisation: €60.8 million

 

 

 

Paris – 23 July 2019 – Euronext today welcomes Aerkomm, Inc., a development stage service provider of in- flight connectivity and entertainment, to Euronext Paris.

 

Headquartered in Nevada, USA, and currently listed on the Nasdaq OTCQX market, Aerkomm is a development stage company that intends to partner with airlines to offer air passengers free in-flight entertainment and communications services, and expects to generate revenue through the sales of advertising space and in-flight transactions. With strategic partnerships with brands such as Airbus and Air Malta, Aerkomm now plans to build both a customer base and investor base in Europe.

 

Aerkomm (ticker code: AKOM) was listed on 23 July 2019 through the admission to trading of 9,399,272 shares making up its capital. The listing price was set at €6.468 per share. Market capitalisation on the day of listing was circa €60.8 million.

 

During the listing ceremony this morning,Aerkomm CEO Jeffrey Wun said: “The Aerkomm team is thrilled to have listed on Euronext Paris. This European listing reflects our growth ambitions as well as the successes achieved in Europe to date. Listing on Euronext Paris, we believe, will unlock deep pools of European investor capital and will place us alongside our current and future strategic partners. We look forward to strengthening our ties with the European investor and Aerospace communities.”

 

 

 

 

 

 

CONTACT

 

Euronext

Michael Russell +353 87 391 4082- Mrussell@euronext.com

 

About Aerkomm

 

Aerkomm Inc. (OTCQX: AKOM), operating through its wholly owned subsidiary, Aircom Pacific, Inc., is a development stage service provider of in-flight entertainment and connectivity, or IFEC, solutions for the airline industry. The Company strives to become a leading provider of a wide range of in-flight broadband entertainment and connectivity services, including Wi-Fi connectivity, cellular networks, movies, gaming, live television, and music. Aerkomm aims to reshape the market for in-flight entertainment and connectivity services by offering on-board connectivity to its prospective airline partners and passengers for free, generating revenue through advertising and on-board transactions.

 

About Euronext

 

Euronext is the leading pan-European exchange in the Eurozone, covering Belgium, France, Ireland, The Netherlands, Portugal and the UK. The Norwegian stock exchange and its clearing & settlement subsidiary, together operating as Oslo Børs VPS, joined Euronext on 17 June 2019. With 1,239 listed issuers worth €3.8 trillion in market capitalisation as of end June 2019, Euronext is an unmatched blue-chip franchise that has 26 issuers in the Morningstar® Eurozone 50 Index℠ and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, Euronext also operates Euronext GrowthTM and Euronext AccessTM, simplifying access to listing for SMEs.

 

For the latest news, find us on Twitter (twitter.com/euronext) and LinkedIn (linkedin.com/euronext).

 

Disclaimer

 

This press release is for information purposes only and is not a recommendation to engage in investment activities. This press release is provided “as is” without representation or warranty of any kind. While all reasonable care has been taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this publication may be regarded as creating any right or obligation. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by Euronext’s subsidiaries shall depend solely on the applicable rules of the market operator. All proprietary rights and interest in or connected with this publication shall vest in Euronext.

 

This press release speaks only as of this date. Euronext refers to Euronext N.V. and its affiliates. Information regarding trademarks and intellectual property rights of Euronext is located at www.euronext.com/terms-use.

 

© 2019, Euronext N.V. - All rights reserved.

 

The Euronext Group processes your personal data in order to provide you with information about Euronext (the “Purpose”). With regard to the processing of these personal data, Euronext will comply with its obligations under the Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016 (General Data Protection Regulation, “GDPR”), and any applicable national laws, rules and regulations implementing the GDPR as provided in its privacy statement available at: https://www.euronext.com/en/privacy-policy.

 

In accordance with the applicable legislation you have rights as regard to the processing of your personal data:

 

for more information on your rights, please refer to: https://www.euronext.com/data_subjects_rights_request_information,
  
for any request regarding the processing of your data or if you want to unsubscribe to this press release, please use our data subject request form https://connect2.euronext.com/form/data-subjects-rights-request or email our Data Protection Officer at dpo@euronext.com.