Stockholm, July 29, 2016 — Nasdaq (Nasdaq: NDAQ) announces that the oil exploration and production company Maha Energy AB commenced trading today on Nasdaq First North in Stockholm. Maha Energy AB belongs in the oil and gas sector and is the 51st company to be admitted to trading on Nasdaq’s Nordic markets* in 2016.
Maha Energy AB has producing assets in United States and Canada. It was founded on the basis of growth through acquisition of declining and underperforming assets, where the company’s core asset of petroleum engineering Enhanced Oil Recovery (EOR) technologies can be applied. The company's core strategy is to add value in its operations through application of petroleum engineering technologies. For more information, please visit www.mahaenergy.ca .
“We have spent the first three years of the Company building a tremendous asset base in North America and with our pending Brazil acquisition we are well positioned to take advantage of the last two years of low oil prices and their expected recovery. Our listing on First North is the next major step in the process of building another substantial Swedish international E&P company. We are excited to call Nasdaq First North our home”, said Jonas Lindvall, CEO of Maha Energy AB.
“We welcome Maha Energy to Nasdaq First North”, said Adam Kostyál, senior vice president and head of European listings at Nasdaq. “We look forward to supporting Maha Energy on their journey as a publicly traded company”.
Maha Energy AB has appointed FNCA Sweden AB as the Certified Adviser.
*Main markets and Nasdaq First North at Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm.
About Nasdaq First North
Nasdaq First North is regulated as a multilateral trading facility, operated by the different exchanges within Nasdaq Nordic (Nasdaq First North Denmark is regulated as an alternative marketplace). It does not have the legal status as an EU-regulated market. Companies at Nasdaq First North are subject to the rules of Nasdaq 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.
Nasdaq (Nasdaq: NDAQ) is a leading provider of trading, clearing, exchange technology, listing, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to more than 3,700 listed companies with a market value of over $9.3 trillion and nearly 17,000 corporate clients. To learn more, visit nasdaq.com/ambition or business.nasdaq.com.
Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland, Nasdaq Riga, Nasdaq Stockholm, Nasdaq Tallinn, Nasdaq Vilnius, Nasdaq Clearing and Nasdaq Broker Services are respectively brand names for the regulated markets of Nasdaq Copenhagen A/S, Nasdaq Helsinki Ltd., Nasdaq Iceland hf., Nasdaq Riga, AS, Nasdaq Stockholm AB, Nasdaq Tallinn AS, AB Nasdaq Vilnius, Nasdaq Clearing AB and Nasdaq Broker Services AB. Nasdaq Nordic represents the common offering by Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm. Nasdaq Baltic represents the common offering by Nasdaq Tallinn, Nasdaq Riga and Nasdaq Vilnius.
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about Nasdaq and its products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq's control. These factors include, but are not limited to factors detailed in Nasdaq's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.
Media Relations Contact:
Christina Malmberg Hägerstrand
+46 8 405 65 83
Nasdaq Press Center
Read the latest press releases, request a press kit, and get in touch with our press team.