MARKET CAP SEGMENT REVIEW AT NASDAQ OMX NORDIC EXCHANGES
Stockholm/Helsinki/Copenhagen/Reykjavik, December 19, 2013 — NASDAQ OMX (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 2013. Together with indexes and sector classifications, the market cap segmentation is a tool to increase visibility for companies listed on the exchanges within NASDAQ OMX Nordic (Stockholm, Helsinki, Copenhagen and Iceland).
Effective January 2, 2014, the following 27 companies will change segment. 22 companies change to a larger segment, while 5 companies change to a smaller segment.
Company | Current segment | New segment | Listing venue |
---|---|---|---|
AarhusKarlshamn AB | Mid Cap | Large Cap | Stockholm |
Arcam AB | Small Cap | Mid Cap | Stockholm |
Catena AB | Small Cap | Mid Cap | Stockholm |
Cavotec SA | Small Cap | Mid Cap | Stockholm |
EnQuest PLC | Mid Cap | Large Cap | Stockholm |
Fingerprint Cards AB ser. B | Small Cap | Mid Cap | Stockholm |
HEXPOL AB ser. B | Mid Cap | Large Cap | Stockholm |
Intrum Justitia AB | Mid Cap | Large Cap | Stockholm |
ITAB Shop Concept AB ser. B | Small Cap | Mid Cap | Stockholm |
JM AB | Mid Cap | Large Cap | Stockholm |
Lagercrantz Group AB ser B | Small Cap | Mid Cap | Stockholm |
Nederman Holding AB | Small Cap | Mid Cap | Stockholm |
OEM International AB ser. B | Small Cap | Mid Cap | Stockholm |
Opus Group AB | Small Cap | Mid Cap | Stockholm |
Orexo AB | Small Cap | Mid Cap | Stockholm |
Semafo Inc. | Large Cap | Mid Cap | Stockholm |
Swedish Orphan Biovitrum AB | Mid Cap | Large Cap | Stockholm |
Afarak Group Plc | Mid Cap | Small Cap | Helsinki |
Bank of Åland Plc A | Mid Cap | Small Cap | Helsinki |
Bank of Åland Plc B | Mid Cap | Small Cap | Helsinki |
Elektrobit Corporation | Small Cap | Mid Cap | Helsinki |
Ilkka-Yhtymä Oyj 2 | Mid Cap | Small Cap | Helsinki |
Keskisuomalainen Oyj A | Mid Cap | Small Cap | Helsinki |
Formuepleje LimiTTellus A/S | Small Cap | Mid Cap | Copenhagen |
Formuepleje Merkur A/S | Small Cap | Mid Cap | Copenhagen |
Formuepleje Optimum A/S | Small Cap | Mid Cap | Copenhagen |
Genmab A/S | Mid Cap | Large Cap | Copenhagen |
Hagar 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 its 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 billion and EUR 1 billion belong to the “Mid Cap” segment.
12 month transitional period
Companies with a market cap value of more than 50 percent of the minimum or maximum threshold of each segment are transferred into the new segment with immediate effect. Companies with a market cap value of less than 50 percent of the minimum or maximum threshold of each segment are subject to a transitional period and thus one more review before transferring into the 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.
About NASDAQ OMX Group
NASDAQ OMX (NASDAQ: NDAQ) is a leading provider of trading, exchange technology, information and public company services across six continents. Through its diverse portfolio of solutions, NASDAQ OMX 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 80 marketplaces in 50 countries, and approximately 1 in 10 of the world's securities transactions. NASDAQ OMX is home to more than 3,300 listed companies with a market value of over $7 trillion and more than 10,000 corporate clients. NASDAQ OMX Nordic is not a legal entity but describes the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm and Iceland. To learn more, visit www.nasdaqomx.com.
Cautionary Note Regarding Forward-Looking Statements
Information set forth in this communication contains forward-looking statements that involve a number of risks and uncertainties. NASDAQ OMX cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Such forward-looking statements include, but are not limited to, statements about our capital return initiatives. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ OMX’s control. These factors include, but are not limited to, NASDAQ OMX’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk, U.S. and global competition, and other factors detailed in NASDAQ OMX’s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q which are available on NASDAQ OMX’s website at http://www.nasdaqomx.com and the SEC’s website at www.sec.gov. NASDAQ OMX undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
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