Market cap segment review at NASDAQ OMX Nordic exchanges
Stockholm/Helsinki/Copenhagen/Reykjavik, December 19, 2012 — NASDAQ OMX Nordic, part of NASDAQ OMX Group (NASDAQ:NDAQ) reports that the annual review of its market capitalization (market cap) segments is completed. The revision is based on the average market cap value in November 2012. 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.
Effective January 2, 2013, the following 24 companies will change segment. 8 companies change to a larger segment, while 16 companies change segment to a smaller segment.
| Company | Current segment | New segment | Listing venue |
|---|---|---|---|
| Aerocrine AB ser. B | Small Cap | Mid Cap | Stockholm |
| Axis AB | Mid Cap | Large Cap | Stockholm |
| BankNordik P/F | Mid Cap | Small Cap | Reykjavik |
| BE Group AB | Mid Cap | Small Cap | Stockholm |
| BillerudKorsnäs AB | Mid Cap | Large Cap | Stockholm |
| BioInvent International AB | Mid Cap | Small Cap | Stockholm |
| Biotie Therapies Oyj | Small Cap | Mid Cap | Helsinki |
| Björn Borg AB | Mid Cap | Small Cap | Stockholm |
| D/S Norden A/S | Large Cap | Mid Cap | Copenhagen |
| Danske Andelskassers Bank A/S | Mid Cap | Small Cap | Copenhagen |
| Flügger A/S ser. B | Mid Cap | Small Cap | Copenhagen |
| Huhtamäki Oyj | Mid Cap | Large Cap | Helsinki |
| Icelandair Group hf. | Small Cap | Mid Cap | Reykjavik |
| Karolinska Development AB ser. B | Mid Cap | Small Cap | Stockholm |
| Net Insight AB ser. B | Mid Cap | Small Cap | Stockholm |
| NIBE Industrier AB ser. B | Mid Cap | Large Cap | Stockholm |
| Nordic Mines AB | Mid Cap | Small Cap | Stockholm |
| PA Resources AB | Mid Cap | Small Cap | Stockholm |
| Rautaruukki Oyj | Large Cap | Mid Cap | Helsinki |
| SECTRA AB ser. B | Small Cap | Mid Cap | Stockholm |
| Sievi Capital plc | Mid Cap | Small Cap | Helsinki |
| Sparekassen Himmerland A/S | Mid Cap | Small Cap | Copenhagen |
| Talvivaaran Kaivososakeyhtiö Oyj | Large Cap | Mid Cap | Helsinki |
| TradeDoubler AB | Mid Cap | Small Cap | Stockholm |
The next cap segment revision will take effect in January 2014 based on average market cap in November 2013.
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.
NASDAQ OMX Media contacts:
Carl Norell +46 (8) 405 6639
Javier Lopez Garrido +45 33 77 04 30
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