Stockholm, November 12, 2014 — Nasdaq (Nasdaq: NDAQ) announces that the trading in Effnetplattformen AB (shortname: EFFN) shares commenced today on First North at Nasdaq Stockholm. Effnetplattformen belongs to the Technology sector and is the 37th company to be admitted to trading on First North’s Nordic markets (Stockholm, Helsinki, Copenhagen and Iceland) in 2014.
Effnetplattformen consists of the parent company Effnetplattformen AB and its wholly owned subsidiary Effnet AB. The parent company's strategy is to own and develop technology companies and to use its structure, capital and know-how to assist other companies in going from private to public companies. Effnet AB develops and sells the Effnet Header Compression product family, which consists of software applications that increase the efficiency, speed, and reliability of Internet Protocol ( IP ) traffic in fixed, mobile, and satellite networks. Its customers include chipset companies and manufacturers of satellite and telecommunications equipment. For more information, visit www.effnetplattformen.se.
”We are very pleased to relaunch ourselves on First North at Nasdaq Stockholm,” said Hans Runesten, Chairman of Effnetplattformen AB. “We will continue to build value for our shareholders both by growing Effnet AB and by generating interesting corporate transactions.”
“Nasdaq welcomes Effnetplattformen to First North and to our family of listed companies,” said Adam Kostyal, Senior Vice President and head of European listings at Nasdaq. “Effnetplattformen will make a valuable addition to our technology sector, and we look forward to supporting the company in its endavour as a publically traded company.”
Effnetplattformen has appointed Remium Nordic AB as Certified Adviser.
About First North
First North is regulated as a multilateral trading facility, operated by the different exchanges within Nasdaq Nordic. It does not have the legal status as an EU-regulated market. Companies at First North are subject to the rules of First North and not the legal requirements for admission to trading on a regulated market. The risk in such an investment may be higher than on the main market.
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