Readly applies for delisting of the company's shares from Nasdaq Stockholm in connection with the change of listing venue to Nasdaq First North Growth Market
The board of directors of Readly International AB (publ) ("Readly" or the "Company") has today resolved to apply for and submitted the application regarding delisting of the Company's shares from Nasdaq Stockholm, as well as decided to apply for listing of the Company's shares on Nasdaq First North Growth Market.
As communicated on 27 June 2023, the board of directors considers that a change of listing venue from Nasdaq Stockholm to Nasdaq First North Growth Market would support the Company's continued development and profitability due to a more suitable regulatory environment and lowered costs for complying with ongoing obligations, as well as that such a listing is deemed more suitable for the Company's current shareholder base. The board of directors has today resolved to apply for and submitted the application regarding delisting of the Company's shares from Nasdaq Stockholm, as well as decided to apply for listing of the Company's shares on Nasdaq First North Growth Market. The application to delist the Company's shares from Nasdaq Stockholm is conditional upon the Company's shares being admitted to trading on Nasdaq First North Growth Market, which is intended to be carried out during the fourth quarter of 2023.
For more information, please contact:
Linnéa Aguero, Head of PR & Communications, +46 725 03 32 31, linnea.aguero@readly.com
The information in this press release has been published by the above contact person, at the time specified by the Company’s news distributor Cision at the time of publication of this press release.
About Readly
Readly is the European category leader for digital magazines. The company offers a digital subscription service where customers have unlimited access to 7500 national and international magazines - all in one app and at a fixed monthly fee. Readly has subscribers in 50 countries and content available in 17 different languages. In collaboration with around 1,200 publishers worldwide, Readly is digitising the newspaper and magazine industry. In 2022, revenues amounted to SEK 592 million. The Readly share is listed on Nasdaq Stockholm. For more information, please visit https://corporate.readly.com.