Helsinki, January 2, 2012 – NASDAQ OMX (NASDAQ:NDAQ) announces that the shares of Scanfil plc (short name: SCL1V) will today start trading on the main market of NASDAQ OMX Helsinki. Scanfil plc is a small cap company within the telecommunications sector. Scanfil is the first company to be listed in Helsinki since March 2010.
Scanfil plc was established in the partial demerger of Sievi Capital plc (short name: SCI1V) so that its assets and liabilities related to contract manufacturing and other industrial operations were transferred to a new company, Scanfil plc. Scanfil plc is a systems supplier that offers its products and services to international telecommunications systems manufacturers and professional electronic industries.
Jenny Rosberg, Senior Vice President at NASDAQ OMX said: “We welcome Scanfil plc to the community of NASDAQ OMX listed companies among which the company is a great addition to our Nordic offering in the small cap sector. We applaud the management’s decision to list a separate demerged unit of an existing listed company which we think is a strong sign of the management’s trust in the stock market’s ability to foster capital growth.”
“We hope the example of Scanfil leads the way also for other entrepreneurs to consider an Exchange listing as a funding alternative to fuel future growth. A listing will enhance a company’s credibility, brings much greater overall visibility and access to new investors”, says Lauri Rosendahl, President of NASDAQ OMX Helsinki.
“The partial demerger of Sievi Capital Oyj, which has already been listed since 2000, and today the listing of Scanfil Oyj on NASDAQ OMX Helsinki is strategically a logical step for us. We believe the demerger allows Sievi Capital Oyj and Scanfil Oyj to focus on their independent business strategies whilst enabling both companies to tailor their capital structures and financial policies to best suit their individual businesses and hence maximize long-term shareholder value for both companies ”, says Harri Takanen, CEO of Scanfil plc.
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