Stockholm, June 29, 2016 — Nasdaq (Nasdaq: NDAQ) announces that the trading in MaxFast Properties AB’s shares (short name: MAXF) commenced today on Nasdaq First North in Stockholm. MaxFast Properties (“MaxFast”) belongs to the Financial sector and is the 49th company to be admitted to trading on Nasdaq’s Nordic markets* in 2016.
Founded in 2013, MaxFast is a real estate company specialized in acquiring and further developing commercial properties. The current portfolio consists of 13 properties in eight different regional towns, representing a total, rentable area of approximately 70 000 square meters. MaxFast is headquartered in Torshälla, Sweden, and primarily operates in the central parts of Sweden. For more information, please visit www.maxfast.se.
“MaxFast has a solid profitability and as we now have been admitted to trading at Nasdaq First North, we see enriched possibilities of further developing and expanding our business,” said Robert Engwall, CEO of MaxFast. “MaxFast aims to grow its portfolio of commercial properties by 40 percent within the next year, while maintaining solid profit margins.”
“We welcome MaxFast to our Nordic growth market, Nasdaq First North,” said Adam Kostyál, senior vice president and head of European listings at Nasdaq. “We continue to see an inflow of real estate companies leveraging the public market as a platform for future expansion, and MaxFast is a perfect example of that.”
MaxFast Properties AB has appointed Erik Penser Bank 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.
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