24SevenOffice Group AB intends to transfer listing to Nasdaq First North Growth Market in mid-2024
The Board of Directors of 24SevenOffice Group AB ("24SevenOffice" or the "Company") has decided to apply for a listing transfer from Spotlight Stock Market to Nasdaq First North Growth Market in Stockholm. Nasdaq First North Growth Market is Nasdaq's European growth market, with the same legal status as Spotlight Stock Market, a multilateral trading facility.
The change of marketplace is expected to take place in mid-2024 and is part of 24SevenOffice's expansion strategy. The Company will continue to apply the same accounting principles. Shareholders in 24SevenOffice will not need to take any action in the event of a change of trading venue from Spotlight Stock Market.
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. In order to improve the opportunities for growth in line with the Company's strategy, increase the Company's financial flexibility and broaden 24SevenOffice's ownership base, our assessment is to carry out a listing on Nasdaq First North. 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."
Advisors:
Partner Fondkommission is the advisor regarding the planned listing transfer 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, eas@24sevenoffice.com
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.
We understand that businesses require flexibility and scalability, which is why we provide a module-based solution that enables you to create the perfect workflow, adapting to your evolving requirements.