Velocity & Liquidity

During 2011, around 50% of the company’s shares were exchanged. An average of 25,502 shares were traded daily on NYSE-Euronext, which represents EUR 1.1 million. Adjusted for an average free float of around 88%, EVS had a velocity of 55% during 2011.

According the Fidessa Fragmentation Index (www.fidessa.com), which calculates the volume of transactions on the listed companies, integrating transactions realized out of the stock market and on alternative platforms, it appears that, in 2011, only 47% of transactions on the EVS share were done on Euronext Brussels. By using these figures, the average daily volume of EVS would be of EUR 2.3 million.

At the end of 2011, around 75% of the capital of EVS was held by institutional investors, compared to 20% in 2003.

On August 12, 2008, EVS has entered into a Liquidity Providing Agreement with Petercam S.A. according to the Euronext rules & practices. The aim of this contract was to ensure minimum liquidity on the stock market at the opening, during the day and at the closing, and to reduce the bid-ask spread during the trading sessions. EVS and Petercam terminated this contract on October 7, 2010.