EAB Group Plc has submitted an application to transfer to the official list
EAB Group Plc, Stock Exchange Release, 17 April 2019, 5:15 p.m. (EET)
EAB Group Plc has submitted an application to transfer to the official list
EAB Group Plc (the “Company”) has submitted today 17 April 2019 a listing application to Nasdaq Helsinki Ltd (the "Helsinki Stock Exchange") for the listing of the Company's shares on the official list of the Helsinki Stock Exchange. The listing of the Company’s shares is conditional on the Helsinki Stock Exchange approving the listing application and the Finnish Financial Supervisory Authority approving the Company’s listing prospectus regarding the transfer to the official list. Trading in the Company's shares on the official list is expected to commence on [2] May 2019.
“The rationale for the listing is improved recognition, liquidity and access to financing to support the Company’s profitable growth in line with its strategy. Our target is to double our sales in five years mainly by organic growth, but to a significant degree also through acquisitions, as the consolidation of the sector in Finland continues”, says CEO Daniel Pasternack.
At the same time, the Company has submitted an application to the Helsinki Stock Exchange to remove the B share from the First North Finland marketplace maintained by the Helsinki Stock Exchange.
The Company’s share series A and B are to be combined into one share series before the listing in accordance with the resolution taken by the annual general meeting on 5 April 2019. On the official list, the new trading code of the shares would be EAB and the previous trading code used on the First North list, EABGB, would no longer be valid.
In connection with the planned list transfer, the Company has updated its disclosure policy. The Company’s disclosure policy is available in Finnish on the Company’s website at www.eabgroup.fi/sijoittajat.
EAB GROUP PLC
Board of Directors
Further information:
EAB Group Plc
Daniel Pasternack, CEO
+358 50 569 3416
daniel.pasternack@eabgroup.fi
Kari Juurakko, Chairman of the Board
+358 50 582 7411
kari.juurakko@eabgroup.fi
EAB Group offers versatile and high-quality asset management services for private investors, institutions and professional investors. The Group’s parent company EAB Group Plc is listed on the First North Finland market maintained by Nasdaq Helsinki Oy (Helsinki Stock Exchanges). EAB Group uses the name Elite Alfred Berg as its marketing name. The Group companies include EAB Asset Management Ltd offering asset management activities, and EAB Fund Management Ltd acting as a fund company and authorised alternative investment fund manager. The Groups’ customer base consists of individuals and corporations that are served nationwide in 14 different locations. The Group employs more than 100 investment professionals, and over 25 tied agents provide its services. On behalf of its clients, the Group manages assets of over EUR 3 billion in total. Check out EAB Group’s services at www.eabgroup.fi.
DISTRIBUTION:
Nasdaq Helsinki Oy
The main news media
www.eabgroup.fi