April 29, 2016 – Nasdaq (Nasdaq: NDAQ) announced that trading in Tokmanni Group Corporation shares (short name: TOKMAN) commenced today on the prelist of Nasdaq Helsinki. Tokmanni is a mid cap company within the Consumer Services sector. The company’s shares are estimated to move to the main market of Nasdaq Helsinki on May 3, 2016.
Tokmanni is the largest general discount retailer in Finland measured by number of stores and revenue. In 2015, Tokmanni's revenue was EUR 755 million and on average it had approximately 3,200 employees. Tokmanni is the only nationwide general discount retailer in Finland, with 156 stores across Finland as at 31 December 2015. Tokmanni's headquarters is located in Mäntsälä. For more information: www.tokmanni.fi.
"Through the listing, Tokmanni begins its next development phase and we have the opportunity to improve our competitiveness and offer our customers an even stronger value proposition. We would like to thank all our new shareholders who have made it possible", said Heikki Väänänen, CEO at Tokmanni.
“We warmly welcome Tokmanni to Nasdaq Helsinki”, said Henrik Husman, President of Nasdaq Helsinki. “It is a pleasure to see that the only nationwide general discount retailer in our country has decided to list on the main market of Nasdaq Helsinki. We look forward to supporting Tokmanni in all stages of their growth, and are happy to provide them with the increased investor awareness that come with the listing”, he said.
Adam Kostyál, Senior Vice President and Head of European listings at Nasdaq commented: “We are pleased to see continued strong progress with the listings across our Nordic markets: Tokmanni is already the 22nd company to be admitted to trading on Nasdaq’s Nordic markets* in 2016, including those that have transferred from First North to the main markets.”
*Main markets and First North at Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm.
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