Jays shares to be traded on NASDAQ OMX First North
NASDAQ OMX Stockholm AB has approved Jays AB (publ) (“the Company”) to list on NASDAQ OMX First North. The first day of trading in shares and warrants (TO 2) on the NASDAQ OMX First North will be December 19, 2011.
The Board of Directors of Jays AB (publ) believes that a listing of the Company's shares on First North provides a solid foundation for more liquid trading in the Company's shares that will attract more attention from investors, partners and other stakeholders. Overall the listing on NASDAQ OMX First North will facilitate the Company´s continued development and expansion.
The move means that the listing of Jays shares on AktieTorget will thus cease and the last day of trading on AktieTorget is the 16th of December 2011. The Company's shareholders need not take any action in connection with the list change. No issue of new shares will take place due to the list change. Shares will be traded using the same short name as before; JAYS with ISIN code SE0003204908. The warrants will be traded with the short name JAYS TO 2 and ISIN SE0004269561.
Additional information about the Company and a prospectus, dated October 2011, is available at the Company's website, www.jays.se.
A press release from NASDAQ OMX Stockholm AB First North is available at this link: https://newsclient.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=482428&messageId=589867
First North is an alternative marketplace operated by an exchange within the NASDAQ OMX group. Companies on First North are not subject to the same rules as companies on the regulated main market. Instead they are subject to a less extensive set of rules and regulations adjusted to small growth companies. The risk in investing in a Company on First North may therefore be higher than investing in a company on the main market. All Companies with shares traded on First North have a Certified Adviser who monitors that the rules are followed. The Exchange approves the application for admission to trading.
Remium Nordic AB has acted as financial advisor in connection with the listing process and will act as Certified Adviser for Jays AB (publ) on First North.
For more information, please contact:
Rune Torbjörnsen, CEO Jays AB (publ)
Cell: +46 (0)733-730 770
E-mail: rune.torbjornsen@jays.se
Jays AB (publ) develops designs and produces earphones and equipment for portable media players. Jays supplies high quality products, aimed to provide the user with maximum sound experience. Jays passion is the quest for the perfect sound – the sound that affects and inspires the users body and soul. The company is expanding rapidly and its products are being sold in more than 25 countries worldwide.
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