Adapteo announces expected timetable of its listing on Nasdaq Helsinki
Adapteo Plc Press Release 25 September 2020 at 10:00 a.m. CEST
Adapteo, a leading Northern European company offering adaptable buildings, announces that the listing of its shares on the official list of Nasdaq Helsinki is expected to take place on or about 12 October 2020. Finland is Adapteo's second largest operational market and currently accounts for about one-fourth of the Group's turnover, and the listing is an important step to make trading easier for the Finnish shareholders.
The listing is intended to increase the opportunities for Finnish shareholders and other investors to trade in the Adapteo share, hereby contributing to the liquidity of the share. In addition, the listing is intended to enable investors to trade the shares in euro. Shares in Adapteo have since 1 July 2019 been listed on the official list of Nasdaq Stockholm under the trading code ADAPT.Trading in Adapteo's shares is expected to commence on the official list of Nasdaq Helsinki on or about 12 October 2020 under the trading code ADAPTEO. The listing is conditional on Nasdaq Helsinki approving Adapteo's listing application and the Finnish Financial Supervisory Authority approving the prospectus prepared in connection with the listing. The listing does not require for the shareholders of Adapteo to take any action.
– Since a large number of owners representing a significant part of total ownership of Adapteo reside in Finland, we have decided to list our shares also on Nasdaq Helsinki. Our ambition is for this to happen by mid-October. The listing will contribute to making Adapteo a better-known company in one of our main markets, and increase the liquidity of our share by making trading of the share easier for our Finnish shareholders, says Philip Isell Lind af Hageby, President and CEO of Adapteo.
For additional information, please contact
Niklas Alm, SVP Investor Relations, +46 708244088, email@example.com
Adapteo in brief
Adapteo is a leading flexible real estate provider in Northern Europe. We build, rent out and sell adaptable buildings for schools, daycare centres, care, offices, accommodation and events. We know that our society will go through an immense change in the years to come. Whatever the future brings, we believe that adaptability is the best solution. With our buildings, we can transform, repurpose, scale up and scale down in a matter of weeks by using a modular and circular building concept. Our buildings can be used for a few days or indefinitely, always optimised for current needs. That is how we build adaptable societies.
Adapteo is listed on Nasdaq Stockholm and operates in Sweden, Finland, Norway, Denmark and Germany. In 2019, Adapteo’s Net sales were EUR 216 million.