Stockholm, May 18, 2018— Nasdaq (Nasdaq: NDAQ) announces that the trading in Ovzon AB’s shares (short name: OVZON) will commence today on Nasdaq First North Premier in Stockholm. Ovzon belongs to the telecommunications sector and is the 28th company to be admitted to trading on Nasdaq’s Nordic markets* in 2018.
Founded in 2006, Ovzon offers a mobile broadband service via satellite, combining high bandwidth satellite communication services with highly mobile terminals. The company has developed an end-to-end solution to meet the growing demand of mobile broadband connectivity in areas and at locations where traditional telecom services lack coverage or do not meet performance requirements. Ovzon is headquartered in Solna, Sweden, and has additional offices in Maryland and Florida in the US. For more information, please visit www.ovzon.com.
“This is truly an exciting day for us at Ovzon,” said Per Wahlberg, CEO of Ovzon. “The successful outcome of the Offering enables an expansion of our existing service and strengthens the conditions for our goal of launching our own satellite within a couple of years, which will significantly expand our revenue and profit capacity. We sincerely welcome our new shareholders on board and we are determined to continue to work hard to develop our offering and to keep creating value for our shareholders.”
”We congratulate Ovzon on its successful Nasdaq First North Premier listing,” said Adam Kostyál, SVP and Head of European Listings, Nasdaq. “Ovzon will be an exciting addition to our telecommunications sector, and we look forward to supporting the company with the increased investor exposure that comes with a Nasdaq First North Premier listing.”
Ovzon 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.
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