Munksjö Oyj: Munksjö receives approval for secondary listing on Nasdaq Stockholm
MUNKSJÖ OYJ, STOCK EXCHANGE RELEASE 4 December 2014 at 8.15 a.m. CET
Munksjö Oyj: Munksjö receives approval for secondary listing on Nasdaq Stockholm
As previously communicated, Munksjö Oyj has contemplated a secondary listing of the company’s shares on Nasdaq Stockholm. Munksjö was on 3 December 2014 approved by Nasdaq OMX Stockholm AB for a secondary listing.
The shares of Munksjö are currently traded on Nasdaq Helsinki and will continue to do so also after the completion of the secondary listing on Nasdaq Stockholm. The secondary listing is expected to facilitate trading in Munksjö’s shares for both current and new shareholders.
No new shares are issued in connection with the secondary listing. Munksjö’s shareholder EQT has sold 6,136,644 shares in Munksjö, corresponding to 12.0 per cent of Munksjö's shares and voting rights, mainly to institutional investors. Settlement of the placing of the shares is expected to be effected through the Swedish Euroclear system on Monday, 8 December 2014. The secondary listing is conditional on the settlement of the placing of the shares by EQT.
Trading in Munksjö’s shares on Nasdaq Stockholm is expected to commence on Monday, 8 December 2014 under the ticker MUNK1S. The share will be quoted in Swedish krona with the same ISIN (FI4000048418) as currently on Nasdaq Helsinki.
Munksjö has prepared a summary document pursuant to the Finnish Securities Market Act (Chapter 4, Section 9), related to the secondary listing. The summary document is available in Swedish on the investor website at www.munksjo.com.
Munksjö Oyj
For more information, please contact:
Jan Åström, President and CEO, tel. +46 10 250 1001
Kim Henriksson, CFO, tel. +46 10 250 1015
Munksjö – Materials for innovative product design
The Munksjö Group is an international specialty paper company with a unique product offering for a large number of industrial applications and consumer-driven products. Founded in 1862, Munksjö is among the leading producers in the world of high-value added papers within attractive market segments such as Decor paper, Release Liners, Electrotechnical paper, Abrasive backings and Interleaving paper for steel. Given Munksjö’s global presence and way of integrating with its customers’ operations, the company forms a global service organisation with approximately 2,900 employees. Production facilities are located in France, Sweden, Germany, Italy, Brazil, Spain and China. Munksjö Oyj is listed on Nasdaq Helsinki. Read more at www.munksjo.com.