Nordnet exclusive retail selling agent in Nordnet’s contemplated IPO
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Press release 10 November 2020
On 5 November 2020, Nordnet AB (publ) ("Nordnet") announced its intention to launch an initial public offering of its shares and to list its shares on Nasdaq Stockholm (the "IPO"). Today, we announce that Nordnet, through its subsidiary Nordnet Bank AB, will act as exclusive Nordic retail selling agent in connection with the contemplated IPO.
The IPO is expected to include an offering to the general public in Sweden, Norway, Denmark and Finland. Applications from the general public to acquire shares in the contemplated IPO can be made by persons who are customers in Nordnet and should be made via Nordnet's website once the application period begins and should the IPO proceed. To become a customer with Nordnet is simple and free of charge, and can be done on Nordnet’s websites in Sweden, Norway, Denmark and Finland.
- It feels great to be able to offer Nordic private savers the opportunity to participate in our planned listing on Nasdaq. Being a shareholder in a company where you are also a customer can create an even greater affinity with the business, which I believe will help drive our business forward, says Lars-Åke Norling, CEO at Nordnet.
Full terms, conditions and instructions for the contemplated IPO will be included in the prospectus that will be prepared by Nordnet in connection with the IPO. The prospectus is expected to be published on or around 15 November 2020. A copy of the prospectus will, if and when published, be available on Nordnet's website at www.nordnetab.com.
For more information, please contact:
Johan Tidestad, Chief Communications Officer, Nordnet
+46 708 875 775, johan.tidestad@nordnet.se
The information was submitted for publication, through the agency of the contact person set out above, at 09.00 CET on 10 November 2020.
Important information
This announcement is not an offer to sell or a solicitation of any offer to buy any securities of Nordnet AB (publ) (the “Company”). The contents of this announcement have been prepared by and are the sole responsibility of the Company.
The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed by any person for any purpose on the information contained in this announcement or its accuracy, fairness or completeness.
Copies of this announcement are not being made and may not be distributed or sent into the United States, Australia, Canada, Japan or any other jurisdiction in which such distribution would be unlawful or would require registration or other measures.
Any offering of the securities referred to in this announcement will be made by means of a prospectus. This announcement is not a prospectus for the purposes of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market, and repealing Directive 2003/71/EC (together with any related implementing and delegated regulations, the “Prospectus Regulation”). Investors should not invest in any securities referred to in this announcement except on the basis of information contained in the aforementioned prospectus.
In any EEA Member State other than Sweden, and in the United Kingdom (each, a "Relevant State") this communication is only addressed to and is only directed at qualified investors in that Relevant State within the meaning of the Prospectus Regulation, i.e., only to investors who can receive the offer without an approved prospectus in such Relevant State.
The securities referred to in this announcement have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and accordingly may not be offered or sold in the United States absent registration or an exemption from the registration requirements of the Securities Act and in accordance with applicable U.S. state securities laws. The Company does not intend to register any offering in the United States or to conduct a public offering of securities in the United States.
Copies of this announcement are not being, and should not be, distributed in or sent into the United States. The securities described herein have also not been and will not be registered under the applicable securities laws of Australia, Canada or Japan and, subject to certain exemptions, may not be offered or sold in or into or for the account or benefit of any person having a registered address in, or located or resident in Australia, Canada or Japan. There will be no public offering of the securities described herein in Australia, Canada or Japan.
This communication and any materials in relation to the securities described herein are only being distributed to and is only directed at persons in the United Kingdom that (i) have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order”) ; (ii) are persons falling within Article 49(2)(a) to (d) (“high net worth companies, unincorporated associations etc.”) of the Order, (iii) are outside the United Kingdom, or (iv) are persons to whom an invitation or inducement to engage in investment activity (within the meaning of section 21 of the Financial Services and Markets Act 2000 (“FSMA”)) in connection with the issue or sale of any securities may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as “Relevant Persons”). This communication must not be acted on or relied on by persons who are not Relevant Persons. Any investment or investment activity to which this communication relates is available only to Relevant Persons and will be engaged in only with Relevant Persons. Persons distributing this communication must satisfy themselves that it is lawful to do so.
Matters discussed in this announcement may constitute forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as “believe,” “expect,” “anticipate,” “intends,” “estimate,” “will,” “may,” “continue”, “should” and similar expressions. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. The information, opinions and forward-looking statements contained in this announcement speak only as at its date and are subject to change without notice. The Company does not undertake any obligation to review, update, confirm or release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this communication.
