Ferronordic Machines’ preference shares to be listed on NASDAQ OMX First North Premier
In October 2013 Ferronordic Machines AB (publ) (“Ferronordic Machines”) raised SEK 500 million by issuing 500,000 preference shares. Due to strong demand the issue was upsized from SEK 400 million to the maximum amount of SEK 500 million.
Ferronordic Machines has applied for a listing of the preference shares on NASDAQ OMX First North Premier. The application was approved by NASDAQ OMX on 21 November 2013, subject to the Company reaching the minimum number of investors required by the First North rules. The first day of trading is expected to be 3 December 2013.
In order to reach the minimum number of investors required by the rules of First North a secondary offering, targeted at a maximum of 7,000 preference shares, will take place before the listing. The offering price in the secondary offering is SEK 1,025 per preference share. Applications to acquire preference shares are to be submitted during the period 25 November – 1 December 2013. More information on the offering is available at Avanza Bank’s website (www.avanzabank.se).
Carnegie Investment Bank AB and Avanza Bank AB are acting as financial advisors to Ferronordic Machines in connection with the secondary offering. Avanza Bank has been appointed Certified Advisor to the Company.
FOR FURTHER INFORMATION PLEASE CONTACT
Lars Corneliusson, CEO, Ferronordic Machines group Tel: +7 985 76 32738
Anders Blomqvist, CFO, Ferronordic Machines group, Tel: +46 70 7766 485
or e-mail email@example.com
Also visit www.ferronordic.ru
The information above has been made public in accordance with the Securities Market Act and/or the Financial Instruments Trading Act. The information was published at 08.00 (CET) on 25 October 2013.
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