Stockholm, November 9, 2015 — Nasdaq (Nasdaq: NDAQ) announces that the trading in Minesto AB’s shares (short name: MINEST) commenced today on Nasdaq First North in Stockholm. Minesto belongs to the Alternative Energy sector and is the 76th company to be admitted to trading on Nasdaq’s Nordic markets* in 2015.
Founded in 2007, Minesto is a marine energy company with a patented technology for cost efficient energy production from tidal and ocean currents. The company’s product, Deep Green, is a marine power plant that can be used efficiently in areas with low velocity (slow) currents. Minesto will provide a complete customer offering, selling the Deep Green plant and the licensing of technology, service and maintenance, as well as development and construction planning of power plant parks. For more information, please visit www.minesto.com.
”The IPO completes the strategy to have a fully funded business plan to commercialize our product and offer”, said Anders Jansson, CEO and Co-Founder of Minesto. “We can conclude that Minesto has positioned itself as one of the worlds leader in this emerging industry. I am proud of the accomplishment we have achieved and look forward to bringing additional value to all our new shareholders."
“We welcome Minesto to Nasdaq and to our First North market” said Adam Kostyál, senior vice president and head of European listings at Nasdaq. “The renewable energy sector is a rapidly growing field, and we look forward to supporting Minesto on their continued journey as a publicly traded company.”
Minesto AB has appointed G&W Fondkommission 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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