The board of directors of Nordic Waterproofing Holding A/S has decided to examine the possibilities of re-domiciling the parent company to Sweden – the underlying operations will remain unchanged
The board of directors of Nordic Waterproofing Holding A/S ("Nordic Waterproofing") has decided to examine the possibilities of carrying out a re-domiciliation of the parent company, Nordic Waterproofing, from Denmark to Sweden. The group's operations will be unchanged and no employees are expected to be affected.
Nordic Waterproofing's current structure, with a Danish parent company listed on Nasdaq Stockholm, is rather unusual and causes time-consuming and costly corporate governance, compliance, and fiscal administration processes, which would be simplified if the parent company and listed entity was domiciled in Sweden. Furthermore, the central group functions are located in Helsingborg and a vast majority of the company's shareholders are resident in Sweden.
On the basis hereof, the board of directors has decided to initiate the work to examine the possibilities of re-domiciling the parent company and listed entity to Sweden, and which model for implementation that is most appropriate. Following the re-domiciliation, the Nordic Waterproofing group will continue to be traded on Nasdaq Stockholm, as it is today. No final decision on the implementation of the re-domiciliation of the parent company has been made and the implementation is subject to, inter alia, that no material negative tax consequences should occur and approval from the shareholders.
The intention is to carry out the re-domiciliation of the parent company during 2020.
This information is information that Nordic Waterproofing Holding A/S is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out below, at 10 December 2019, 6:30 p.m. CET.
For further information, please contact:
Ulf Gundemark, chairman of the board of directors
Telephone: +46 703 39 93 00
Martin Ellis, President and CEO
Telephone: +45 31 21 36 69
Nordic Waterproofing is one of the leading providers in the waterproofing market in northern Europe. The Company provides high-quality products and solutions for waterproofing in Sweden, Finland, Denmark, Norway, Belgium, the Netherlands, Poland, the United Kingdom and Germany. Nordic Waterproofing also provides installation services through wholly-owned subsidiaries In Finland and through part-owned franchise companies in Denmark. The Company markets its products and solutions under more than ten brands, all with an extensive heritage, most of which are among the most established and well-recognized brands in waterproofing in their respective markets, such as Mataki, Trebolit, Phønix Tag Materialer, Kerabit, Nortett, SealEco, Distri Pond, SPT-Painting, Taasinge Elementer, RVT and Veg Tech. Nordic Waterproofing is listed in the Mid Cap segment on Nasdaq Stockholm with the stock ticker NWG.