KebNi AB (publ) ("KebNi" or "the Company") has applied for and received conditional approval for admission to trading on the Nasdaq First North Growth Market ("Nasdaq First North"). As a result, the Company's delisting application has also been approved by Nordic Growth Market ("NGM"). The last day for trading on NGM Nordic SME is 24 August 2020. The first day for trading on Nasdaq First North is 25 August 2020. Shareholders in KebNi do not need to take any action in connection with the listing change.
On July 21, 2020, the Company announced that it had begun the process of applying for listing on Nasdaq First North, a multilateral trading platform ("MTF") that is registered as a growth market for small and medium-sized companies. KebNi's shares are traded today on NGM Nordic SME. The company has today received conditional approval for admission to trading on Nasdaq First North.
The first day for trading in the Company's share on Nasdaq First North is August 25, 2020. Trading in the Company's share on NGM Nordic SME will cease and the last day for trading on NGM Nordic SME is August 24, 2020. Nasdaq's decision is conditional on (i) nothing occurs in connection with the list change that could lead to a different assessment of the stock exchange, (ii) the Company meets the dissemination requirement in accordance with the Nasdaq First North Rulebook and that (iii) the Company updates its website in accordance with the Nasdaq First North Rulebook.
CEO Carsten Drachmann comments: "The change of listing to Nasdaq First North is an important step in our development towards increased international profiling and visibility and strengthens our opportunities for development and expansion. Nasdaq is a global and well-known brand that enables increased visibility in the stock market, improved liquidity and facilitates institutional and international ownership in the company. All in all, this provides better conditions for future value creation for our shareholders. NGM has been an important and strong partner in the development of our company during the past 7 years, and I want to send them a warm thank you for their support and help in getting us to where we are today."
In relation to the listing change, KebNi has prepared a company description which will be published on the Company's website no later than August 20, 2020. The company description has only been prepared in connection with the application for admission to trading the shares on Nasdaq First North and does not contain an offer to the public to subscribe or otherwise acquire shares or other financial instruments in the Company, either in Sweden or in any other jurisdiction. KebNi's share will continue to be traded under the short name KEBNI with the current ISIN code SE0012904803. No new shares will be issued in connection with the Company's shares being admitted to trading on Nasdaq First North. The company's shareholders do not need to take any action in connection with the listing change.
KebNi has appointed Redeye AB as the Company's Certified Adviser on Nasdaq First North. Synch Advokat AB has acted as legal advisor in connection with the list change.
Carsten Drachmann, CEO
Telefon: +45 4063 4036
KebNi AB is active in satellite communication and precision inertial sensors and invests in and develops reliable technologies for safety, precision and stabilization.
KebNi AB includes the wholly owned subsidiaries KebNi Inertial Sensing AB, KebNi Land Mobile AB & Satmission AB.
KebNi AB, via the KebNi Maritime brand, develops, manufactures and sells innovative 4-axes stabilizing VSAT antennas for maritime use based on its P9 antenna platform. KebNi Inertial Sensing AB develops, manufactures and sells advanced inertial sensors designed to measure movements in three dimensions. KebNi Land Mobile AB develops, manufactures and sells Communication on the Move (COTM) antennas for land. Satmission AB develops, manufactures and sells Communication on the Pause (COTP) for mobile satellite communications systems.
The company's registered office is in Stockholm, Sweden.
The company is listed at Nordic SME stock exchange.