Stockholm, December 12, 2014 — Nasdaq (Nasdaq: NDAQ) announces that the trading in Tobin Properties AB (shortname: TOBIN PREF) preference shares commenced today on First North at Nasdaq Stockholm. Tobin Properties belongs to the Financials sector and is the 45th company to be admitted to trading on First North’s Nordic markets (Stockholm, Helsinki, Copenhagen and Iceland) in 2014.
Tobin Properties develops housing properties in Sweden with focus on functionality and design. The company’s project portfolio currently comprises a total of about 700 apartments with 52,000 square meters of floor space and a value of approximately 4,000M SEK. For more information, please visit www.tobinproperties.se.
“Opening our preference share for public trading, marks an important step in our strategy to establish Tobin Properties as one of the leading companies within our industry, “ said Erik Karlin, CEO at Tobin Properties. “For certain investors, a public listing is a seal of approval and of quality. But in my mind, more importantly, being a listed company helps us drive our ambition to be transparent, credible and appealing not only to our customers and business partners, but also to a broader investor community”.
“We welcome Tobin Properties to Nasdaq First North and to our family of listed companies,” said Adam Kostyál, Senior Vice President and head of European listings at Nasdaq. “Tobin Properties will make a valuable addition to our vibrant real-estate sector.”
Tobin Properties has appointed Avanza Bank AB as Certified Adviser.
About First North
First North is regulated as a multilateral trading facility, operated by the different exchanges within Nasdaq Nordic. It does not have the legal status as an EU-regulated market. Companies at First North are subject to the rules of First North and not the legal requirements for admission to trading on a regulated market. The risk in such an investment may be higher than on the main market.
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