Stockholm, December 11, 2014 — Nasdaq (Nasdaq: NDAQ) announces that the trading in Zinzino AB (shortname: ZZ B) shares commenced today on First North at Nasdaq Stockholm. Zinzino, previously listed at Aktietorget, belongs to the Consumer Services sector and is the 44th company to be admitted to trading on First North’s Nordic markets (Stockholm, Helsinki, Copenhagen and Iceland) in 2014.
Zinzino is one of the leading direct sales companies, represented in Sweden, Norway, Denmark, Finland, Estonia, Latvia, Lithuania, Iceland, The Faroes, Poland, The Netherlands and USA. Zinzino markets and sells functional food and coffee. The functional food product line consists of the Balance products: oil, shakes, test and capsules. The coffee product line consists of espresso machines, coffee, tea and accessories. Our business is characterized by high quality, closeness to the customer and focus on active product development. The products are marketed through direct sales. The company has more than 60 employees and the main office is in Gothenburg, Sweden and also has an office in Florida, USA. The company owns a production company - Faun Pharma AS with 30 employees located in Vestby outside Oslo, Norway
“Sales is a driving force in our organization,” said Dag Bergheim Pettersen, CEO at Zinzino. “We have seen a strong customer growth in recent years and have expanded vigorously, which makes it feel natural for us to now change listing to First North at Nasdaq Stockholm. We believe a transfer to First North will give us more visibility on international markets, and that an internationally known list owner will create more security for foreign investors in Zinzino.”
“We welcome Zinzino to First North and to our family of Nasdaq-listed companies,” said Adam Kostyál, Senior Vice President and head of European listings at Nasdaq. “First North continues to attract innovative and entrepreneurial companies and Zinzino is another great example of just that.”
Zinzino has appointed Erik Penser Bankaktiebolag as Certified Adviser.
About First North
First North is regulated as a multilateral trading facility, operated by the different exchanges within Nasdaq Nordic. 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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