24SevenOffice Group AB has received conditional approval for admission to trading on Nasdaq First North Growth Market and publishes its company description
24SevenOffice Group AB ("24SevenOffice" or the "Company") has today received conditional approval for admission to trading on Nasdaq First North Growth Market by Nasdaq Stockholm's listing committee. In connection with the list change, 24SevenOffice has prepared and today publishes a company description (the “Company Description”). The first day of trading on Nasdaq First North Growth Market is scheduled for July 12, 2024, and the last day of trading on Spotlight Stock Market is expected to be July 11, 2024.
About the list change
24SevenOffice has received conditional approval for admission to trading on Nasdaq First North. Nasdaq's decision is conditional upon (i) the Company publishing a substantially unchanged Company Description, (ii) the Company updating its website in accordance with the rules no later than two days before the first day of trading, and (iii) nothing occurring in the Company prior to the first day of trading that could lead to a different assessment by the exchange.
The first day of trading on Nasdaq First North Growth Market is scheduled for July 12, 2024. 24SevenOffice’s shares will continue to be traded with the ticker 247 and ISIN code SE0010546911. In connection with the listing change, no offer or issue of new shares will be made. Shareholders in 24SevenOffice do not need to take any action in connection with the admission to trading on Nasdaq First North Growth Market. Due to the listing on Nasdaq First North Growth Market, 24SevenOffice’s shares will be delisted from Spotlight Stock Market and the last day of trading on Spotlight Stock Market is scheduled for July 11, 2024.
The Board of Directors of 24SevenOffice believes that the listing of the Company's shares on Nasdaq First North Growth Market is an important and logical step in the Company's continued expansion strategy and will increase the conditions for broadening the Company's shareholder base and gives the Company further access to the Swedish and international capital markets. 24SevenOffice has appointed Partner Fondkommission as the Company's Certified Adviser.
Comment from CEO Eirik Aalvik Stranden:
"After several years of large and heavy investments, we are now profitable and delivering extraordinary organic growth through new sales and upselling to existing customers. Our key figures are world-class, which positions 24SevenOffice as one of the best SaaS companies in Europe. We believe that a listing on Nasdaq First North will improve the opportunities for growth in line with the Company's strategy, increase the Company's financial flexibility and broaden 24SevenOffice's ownership base. A listing on Nasdaq will also better reflect the Company's new phase as a more international brand, which makes the listing a logical and important step to promote 24SevenOffice's future development."
The Company Description
For complete information about the expected list change from Spotlight Stock Market to Nasdaq First North Growth Market, please refer to the Company Description that has been prepared by 24SevenOffice. The Company Description is available on the Company’s website: https://24sevenoffice.com/hubfs/Investor%20relations/24SevenOffice_Group_AB_Bolagsbeskrivning.pdf
Partner Fondkommission is the advisor regarding the listing change and Certified Adviser. Advokatfirman Lindahl is the Company's legal advisor.
For further information please contact:
Eirik Aalvik Stranden, CEO
Tel: +47 247 00 030
E-mail: eas@24sevenoffice.com
The information was submitted for publication, through the agency of the contact person set out above, at 16:05 CEST on June 28, 2024.
24SevenOffice in brief
At 24SevenOffice, we are passionate about delivering modular and flow-focused business systems tailored to meet the unique needs of companies of all sizes. Our modular solution allows you to create the perfect workflow, customized to your evolving requirements. For more information see www.24sevenoffice.com