Magnolia Bostad is approved for listing on Nasdaq Stockholm
Nasdaq Stockholm’s listing committee has approved Magnolia Bostad AB’s application for admission to trading of its shares on Nasdaq Stockholm's main market. The approval is subject to customary conditions, including the approval and registration of a prospectus by the Swedish Financial Supervisory Authority.
The prospectus prepared in connection with the change of listing venue will be published on Magnolia Bostad's website, www.magnoliabostad.se, after approval has been obtained from the Swedish Financial Supervisory Authority. The published prospectus will state the first day of trading of the shares on Nasdaq Stockholm (which will be some day after publication).
The share will be traded in the Mid Cap segment on Nasdaq Stockholm.The share will continue to be traded under the same ticker (MAG) and ISIN code (SE0007074505). Shareholders of Magnolia Bostad do not need to take any action in connection with the change of listing venue and no new shares will be issued.
"The listing is a confirmation that Magnolia Bostad has had a fantastic journey over the recent years. With the platform we have built, we will continue to generate skills, capital and new business to the company“, says Fredrik Holmström, Founder and Chairman of the Board of Directors at Magnolia Bostad.
The Board of Directors believes that listing the shares on Nasdaq Stockholm is a natural step in the company's development. The listing will provide better access to the Swedish and international capital markets and to institutional investors. It will also increase awareness of Magnolia Bostad and strengthen the brand. For these reasons, the Board has concluded that a listing on Nasdaq Stockholm will have a positive impact on the company's continued growth and development.
Roschier is the legal adviser to Magnolia Bostad in connection with the change of listing venue to Nasdaq Stockholm.
For more information, please contact:
Fredrik Holmström, Chairman of the Board of Directors, Magnolia Bostad
+46 8 660 94 00 email@example.com
Marita Björk, IR
+46 72 720 00 06 firstname.lastname@example.org
Information Magnolia Bostad publishes in this press release is required in accordance with the EU Market Abuse Regulation (EU) No. 596/2014. The information was submitted for publication through the agency of the contact persons set above on 14 June 2018, at 14:45 CEST.
Magnolia Bostad AB (publ), CIN 556797-7078 develops new residential properties, including rental apartments, tenant-owned apartments, residential care housing, hotels and student housing, in attractive locations in Sweden’s growth areas and major cities. Our work is based on a holistic approach where the operations are conducted in a manner that promotes long-term, sustainable urban development. Magnolia Bostad's share (MAG) is listed on Nasdaq First North Premier. Erik Penser Bank is the Certified Adviser for the Company. More information is available at www.magnoliabostad.se