Cimco Marine AB (publ) has been approved as issuer on Nasdaq First North Bond Market
Cimco Marine AB (publ) (“Cimco”) has been approved as issuer of fixed income instruments on Nasdaq First North Bond Market (“Nasdaq First North”). In connection herewith, Cimco publishes a company description and has applied for listing of corporate bonds on Nasdaq First North.
Nasdaq Stockholm AB has on 16 April 2018 resolved to approve Cimco as issuer of fixed income instruments on Nasdaq First North. During the approval process, Nasdaq has identified a potential rule violation in respect of Cimco’s disclosure requirements. Nasdaq’s approval is conditional upon that nothing arises during the handling of the possible rule violation that affects the prerequisites for the approval.
As announced on 25 January and 7 February 2018, Cimco has issued corporate bonds in the amount of MSEK 80. Cimco has, in accordance with the terms and conditions for the bonds, applied for listing of the bonds on Nasdaq First North. The first day of trading is expected to be 19 April 2018. By reason of the listing, Cimco has prepared a company description. The company description is available on Cimco’s website www.oxe-diesel.com.
For further information, please contact:
Myron Mahendra, CFO, +46 763-47 59 82, firstname.lastname@example.org
Västra Hamnen Corporate Finance AB is Cimco’s Certified Adviser.
Cimco Marine AB (publ) is obligated to make this information public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, on 17 April 2018 at 7:45 pm.
Cimco Marine AB (publ) has, after several years of development, constructed the OXE Diesel, the world´s first diesel outboard engine in the high power segment. OXE Diesel has a unique belt driven propulsion system that allows a hydraulic multi-friction gearbox to be mounted. This means that the engine can handle significantly higher loads than a traditional outboard engine. Cimco’s OXE diesel has a horizontally mounted engine as opposed to a traditional outboard with a vertically mounted engine.