The Nordic Exchange welcomes Sagax

Today AB Sagax will be listed on the OMX Nordic Exchange Stockholm. Sagax moves up from First North and is thereby the twenty-seventh company to be listed on the Nordic Exchange’s main market this year.

Sagax is a real estate company investing in commercial properties mostly within in warehouse and light industry. The origin of the company was founded in the year 2000 by people now active in the management group and on the board. Sagax primarily focus is to invest in the Stockholm region, which stands for about 50 per cent of the company’s investments. As per June 30, 2007, the company holds property representing 717,000 square meters rentable area divided on 92 properties.

”We are happy to welcome Sagax to the OMX Nordic Exchange Stockholm and to the sector Financials. Sagax is a very good example on how our set up with a main market and a market for growth companies, First North, works. Companies can focus on growth and development on First North and then, when they are ready and fulfills the requirements for the main market, make the shift,” said Jenny Rosberg, President of Company Services at OMX.

A round lot of shares in Sagax, whose short name is SAGA for ordinary shares and SAGA PREF for preferential shares, amounts to 100. Sagax is a Small Cap company in the Financials sector.