Stockholm, February 18, 2015 — Nasdaq (Nasdaq: NDAQ) announces that the trading in The Lexington Company AB’s shares (shortname: LEX) commenced today on First North at Nasdaq Stockholm. Lexington belongs to the Consumer Goods sector and is the ninth company to be admitted to trading on Nasdaq’s Nordic markets* in 2015.
The Lexington Company AB is currently represented in 20 countries worldwide. The Lexington Home Collection is available in upscale department stores such as House of Fraser in the UK, El Corte Ingles in Spain, Lotte in Korea, Stockmann in Finland, High Tech in Italy and Illum Bolighus in Denmark. The Lexington Clothing Collection was launched in 2008 and is today sold in Sweden, Norway, Finland, France, China, UK and USA. You will find Lexington at about 900 retailers in 20 countries with 19 Lexington stores in Scandinavia, 24 in China, and 3 in USA. For more information, please visit www.lexingtoncompany.com.
“We are excited about being admitted to trade at First North, and our ambition is to continue to deliver on our financial targets and generate shareholder value,” said Kristina Lindhe, CEO of The Lexington Company. “We have developed our company and our brand with great care and this is reflected in the company’s track record of long-term profitability and growth. We believe our value proposition and our market exposure to the premium segment of home and clothing adds to the attraction. Now we look forward to continuing our journey and to expand further.”
“We welcome Lexington to First North and to our Nasdaq-family of companies,” said Adam Kostyál, senior vice president and head of European listings at Nasdaq. “First North continues to attract innovative and entrepreneurial companies across a wide range of sectors, and Lexington is a great example of exactly that.”
The Lexington Company has appointed Erik Penser Bankaktiebolag as Certified Adviser.
*Main markets and First North at Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm.
About First North
First North is regulated as a multilateral trading facility, operated by the different exchanges within Nasdaq Nordic (First North Denmark is regulated as an alternative marketplace). 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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