Swedish Stirling chooses Nasdaq
Swedish Stirling AB plans to apply for listing on a regulated market during the first half of 2020. The Board’s decision is to apply for listing on the Nasdaq Stockholm Main Market.
The Board of Directors of the Swedish clean tech company Swedish Stirling AB plans to apply to list the company on a regulated market during the first half of 2020. The marketplace will be the Nasdaq Stockholm. The reason for the decision shared by the company in August 2018 is that the company believes that it is poised for rapid growth and wants to make it possible for a broader-based and more institutional group of investors to become shareholders in the company.
In the autumn of 2018, Swedish Stirling began the work needed to review and adapt the company's organisation, regulations and policies to meet the requirements imposed by Nasdaq on companies listed on a regulated market. The company believes that it has come a long way in the process, that an application for listing may be submitted during the second half of 2019, and that the listing may occur in the first half of 2020. As part of this process, the company also plans to recruit a new CFO who brings prior experience with regulated markets to the table.
“We have held conversations with several institutional investors that want to be part of building a large, profitable Swedish industrial enterprise.” We are going with their advice and applying for listing on the NASDAQ Main Market to show that we meet the very highest requirements," says Sven Sahle, Chairman of the Board and largest shareholder of Swedish Stirling.
For further information please contact:
Sven Ljungberg, CCO, Swedish Stirling AB, ir@swedishstirling.com.
About Swedish Stirling
Swedish Stirling is a Swedish clean tech company founded in 2008 with a mission to further refine the incomparable ability of Stirling technology to convert thermal energy to electricity. The company offers a variety of solutions enabling power generation at record-low prices compared to other climate-friendly and sustainable alternatives. Swedish Stirling’s Stirling engine can handle a wide range of fuels. The company's latest product, the PWR BLOK 400-F, converts industrial residual and flare gases into electrical energy at a high rate of efficiency. The company’s shares are listed in Sweden (on the NGM Nordic MTF),and can also be traded on the Börse Stuttgart in Germany. Read more at www.swedishstirling.com