Secondary offering of preference shares in Ferronordic Machines completed and oversubscribed
The secondary offering of preference shares in Ferronordic Machines AB (publ) has been completed. The demand for the preference shares has been very strong and the offering was oversubscribed. The offering comprised 7,000 preference shares in total. Following the offering the company will have over 600 shareholders, sufficient to reach the minimum number of investors required by the rules of NASDAQ OMX First North.
“Once again we are very pleased with the strong demand in our preference share. This validates our performance in Russia and signals strong confidence in the future prospects of Ferronordic Machines. I am also pleased to welcome a large number of new shareholders and look forward to having the preference shares traded on First North”, said Lars Corneliusson, CEO of Ferronordic Machines group.
The first day of trading on NASDAQ OMX First North is 3 December 2013. The preference shares’ ticker symbol will be FNMA PREF.
Carnegie Investment Bank and Avanza Bank AB have acted as financial advisors to Ferronordic Machines in connection with the offering. Avanza Bank AB 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 3 December 2013.
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