ASTG AB (publ) ("ASTG" or the "Company") today announces that it has initiated the process to apply for listing on Nasdaq First North in Sweden, with trading start from end of August 2020, subject to approval from Nasdaq First North.
The Board of Directors of ASTG AB, soon to be KebNi AB, has initiated the process to apply for admission to trading of the Company's shares on Nasdaq First North. The first day for trading is expected end of August 2020, subject to Nasdaq First North approval. The shares are currently admitted to trading on NGM Nordic SME. The last day for trading on NGM Nordic SME will be announced as soon as approval has been received. Shareholders in ASTG AB do not need to take any action in connection with the listing on Nasdaq First North. The company's share is planned to be traded as "KEBNI".
The Board of Directors has assessed that a listing of the Company's shares on Nasdaq First North will improve the liquidity in the Company's shares and increase the interest in the business and the Company, both nationally and internationally, from analysts, the general public, institutional investors, clients and other stakeholders. This will create better conditions for the future value creation for the Company's shareholders. The listing is therefore considered to strengthen the Company's future opportunities for development and expansion.
Further information and details will be provided as soon as approval has been given by Nasdaq First North.
Carsten Drachmann, CEO
Telefon: +45 4063 4036
ASTG includes the wholly owned subsidiary AIMS AB & Satmission AB.
ASTG AB develops, manufactures and sells innovative 4-axes stabilizing VSAT antennas for maritime use. The company is also selling development projects based on C2SAT's antenna platform. AIMS AB develops and sells advanced inertial sensor units (IMUs) designed to measure movements in three dimensions. Satmission AB is a leading designer and manufacturer of mobile satellite communications systems for broadcasting.
The company's registered office is in Stockholm, Sweden.
The company is listed at Nordic SME stock exchange.
This information is provided from Advanced Stabilized Technologies Group AB in accordance with the EU Market Abuse Regulation (MAR). The information was submitted for publication on July 21, 2020 at 13.00 CET, by the above contact person's authority.
For accuracy, please exclusively rely on the Swedish version. Should there be unintentional translation differences between the English and the Swedish press release, the Swedish version will take precedence.