Stockholm/Helsinki/Copenhagen/Reykjavik, December 18, 2018 — Nasdaq (Nasdaq: NDAQ) reports that the annual review of its Nordic market capitalization (market cap) segments is completed. The revision is based on the average market cap value in November 2018. Together with indexes and sector classifications, the market cap segmentation is a tool to increase visibility for companies listed on Nasdaq’s exchanges in Stockholm, Helsinki, Copenhagen and Iceland.
Effective January 2, 2019, the following 26 companies will change segment. Sixteen companies will change to a larger segment, while ten companies will change to a smaller segment.
|Company Name||Current Segment||New Segment||Exchange|
|Addtech AB ser. B||Mid Cap||Large Cap||Stockholm|
|Beijer Ref AB ser. B||Mid Cap||Large Cap||Stockholm|
|BTS Group AB ser. B||Small Cap||Mid Cap||Stockholm|
|Collector AB||Large Cap||Mid Cap||Stockholm|
|Enea AB||Small Cap||Mid Cap||Stockholm|
|Fenix Outdoor International AG||Mid Cap||Large Cap||Stockholm|
|Fingerprint Cards AB ser. B||Large Cap||Mid Cap||Stockholm|
|LeoVegas AB||Large Cap||Mid Cap||Stockholm|
|Medivir AB ser. B||Mid Cap||Small Cap||Stockholm|
|MIPS AB||Small Cap||Mid Cap||Stockholm|
|Nolato AB ser. B||Mid Cap||Large Cap||Stockholm|
|Oasmia Pharmaceuticals AB||Small Cap||Mid Cap||Stockholm|
|Proact IT Group AB||Small Cap||Mid Cap||Stockholm|
|SSM Holding AB||Mid Cap||Small Cap||Stockholm|
|Vitrolife AB||Mid Cap||Large Cap||Stockholm|
|XANO Industri AB ser. B||Small Cap||Mid Cap||Stockholm|
|Afarak Group Oyj||Small Cap||Mid Cap||Helsinki|
|Etteplan Oyj||Small Cap||Mid Cap||Helsinki|
|Rapala VMC Oyj||Mid Cap||Small Cap||Helsinki|
|Robit Oyj||Mid Cap||Small Cap||Helsinki|
|Teleste Oyj||Mid Cap||Small Cap||Helsinki|
|H+H International B||Small Cap||Mid Cap||Copenhagen|
|Højgaard Holding A||Mid Cap||Small Cap||Copenhagen|
|Højgaard Holding B||Mid Cap||Small Cap||Copenhagen|
|Lån og Spar Bank||Small Cap||Mid Cap||Copenhagen|
|NKT A/S||Large Cap||Mid Cap||Copenhagen|
|RTX A/S||Small Cap||Mid Cap||Copenhagen|
About the Market Cap Segments
Companies belong to a market cap segment (Small-, Mid- and Large Cap) based on their average market value during the given review month. Each segment is reviewed annually based on the average market cap in November with adjustments taking effect in January the following year. The market cap calculations are based on the total number of shares, i.e. both listed and non-listed shares, of a company. Companies with a market value exceeding EUR 1 billion are in the group of “Large Cap”, while companies with a market value smaller than EUR 150 million belong to “Small Cap”. Companies with a market value between EUR 150 million and EUR 1 billion belong to the “Mid Cap” segment.
12 month transitional period
Companies whose market cap has moved outside the reference values for their current classification are moved between segments according to the following rule: If their market cap is less than 50 percent of the minimum or more than 150 percent of the maximum threshold of their current segments they are transferred into a new segment with immediate effect. On the other hand, if their market cap is greater than 50 percent of the minimum or less than 150 percent of the maximum threshold of their current segment they are subject to a transitional period and thus one more review before transferring into a new segment. Hence, based on the EUR 1 billion Large Cap and EUR 150 million Mid Cap thresholds, a Large Cap company whose market cap value has not fallen below EUR 500 million, and a Mid-cap company whose market cap value has not fallen below EUR 75 million, are subject to a second review before moving down to the new segment. Similarly, a Mid Cap company whose market cap value has not exceeded EUR 1.5 billion and a Small-cap company whose market cap value has not exceeded EUR 225 million, are subject to a second review before moving up to the new segment.
Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 100 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to over 4,000 total listings with a market value of approximately $15 trillion. To learn more, visit business.nasdaq.com.
Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland, Nasdaq Riga, Nasdaq Stockholm, Nasdaq Tallinn, Nasdaq Vilnius, Nasdaq Clearing and Nasdaq Broker Services are respectively brand names for the regulated markets of Nasdaq Copenhagen A/S, Nasdaq Helsinki Ltd., Nasdaq Iceland hf., Nasdaq Riga, AS, Nasdaq Stockholm AB, Nasdaq Tallinn AS, AB Nasdaq Vilnius, Nasdaq Clearing AB and Nasdaq Broker Services AB. Nasdaq Nordic represents the common offering by Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm. Nasdaq Baltic represents the common offering by Nasdaq Tallinn, Nasdaq Riga and Nasdaq Vilnius.
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about Nasdaq and its products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq's control. These factors include, but are not limited to factors detailed in Nasdaq's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.
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