Stockholm/Helsinki/Copenhagen/Reykjavik, December 19, 2016 — 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 2016. 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, 2017, the following 37 companies will change segment. 35 companies change to a larger segment, while 2 companies change to a smaller segment.
|Company||Current Segment||New List||Listing Venue|
|Acando AB ser. B||Small Cap||Mid Cap||Stockholm|
|Active Biotech AB||Mid Cap||Small Cap||Stockholm|
|Addnode Group AB ser. B||Small Cap||Mid Cap||Stockholm|
|Attendo AB||Mid Cap||Large Cap||Stockholm|
|Avanza Bank Holding AB||Mid Cap||Large Cap||Stockholm|
|Biotage AB||Small Cap||Mid Cap||Stockholm|
|Bravida Holding AB||Mid Cap||Large Cap||Stockholm|
|Collector AB||Mid Cap||Large Cap||Stockholm|
|Elanders AB ser. B||Small Cap||Mid Cap||Stockholm|
|Hansa Medical AB||Small Cap||Mid Cap||Stockholm|
|Hemfosa Fastigheter AB||Mid Cap||Large Cap||Stockholm|
|Hemfosa Fastigheter AB pref||Mid Cap||Large Cap||Stockholm|
|I.A.R Systems Group AB ser. B||Small Cap||Mid Cap||Stockholm|
|Karo Pharma AB||Small Cap||Mid Cap||Stockholm|
|Kungsleden AB||Mid Cap||Large Cap||Stockholm|
|Net Insight AB ser. B||Small Cap||Mid Cap||Stockholm|
|Oasmia Pharmaceuticals AB||Mid Cap||Small Cap||Stockholm|
|Oscar Properties Holding AB||Small Cap||Mid Cap||Stockholm|
|Oscar Properties Holding AB pref||Small Cap||Mid Cap||Stockholm|
|Oscar Properties Holding AB pref B||Small Cap||Mid Cap||Stockholm|
|Probi AB||Small Cap||Mid Cap||Stockholm|
|Sagax AB A||Mid Cap||Large Cap||Stockholm|
|Sagax AB B||Mid Cap||Large Cap||Stockholm|
|Sagax AB D||Mid Cap||Large Cap||Stockholm|
|Sagax AB pref||Mid Cap||Large Cap||Stockholm|
|Svolder AB ser. A||Small Cap||Mid Cap||Stockholm|
|Svolder AB ser. B||Small Cap||Mid Cap||Stockholm|
|Thule Group AB||Mid Cap||Large Cap||Stockholm|
|Vitec Software Group AB ser. B||Small Cap||Mid Cap||Stockholm|
|ÅF, AB ser. B||Mid Cap||Large Cap||Stockholm|
|Comptel Oyj||Small Cap||Mid Cap||Helsinki|
|eQ Oyj||Small Cap||Mid Cap||Helsinki|
|Scanfil Oyj||Small Cap||Mid Cap||Helsinki|
|Teleste Oyj||Small Cap||Mid Cap||Helsinki|
|ALK-Abello A/S B||Mid Cap||Large Cap||Copenhagen|
|Ambu A/S B||Mid Cap||Large Cap||Copenhagen|
|BankNordik P/F||Small Cap||Mid Cap||Copenhagen|
|Jeudan A/S||Mid Cap||Large Cap||Copenhagen|
|Schouw & Co. A/S||Mid Cap||Large Cap||Copenhagen|
|Spar Nord Bank A/S||Mid Cap||Large Cap||Copenhagen|
|BankNordik P/F||Small Cap||Mid Cap||Iceland|
|Marel hf.||Mid Cap||Large Cap||Iceland|
|N1 hf.||Small Cap||Mid Cap||Iceland|
|Reginn hf.||Small Cap||Mid Cap||Iceland|
|Vatryggingafelag Islands hf.||Small Cap||Mid Cap||Iceland|
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 provider of trading, clearing, exchange technology, listing, information and public company services across six continents. 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 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to more than 3,700 listed companies with a market value of $10.0 trillion and approximately 18,000 corporate clients. To learn more, visit: nasdaq.com/ambition or 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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