November 30, 2015 – Nasdaq (Nasdaq: NDAQ) announced that trading in Elite Asset Management Plc shares (short name: ELVHB) commenced today on Nasdaq First North Finland. The company belongs to the Financials sector. Nasdaq First North is a Multilateral Trading Facility (MTF) aimed towards emerging growth companies and is operated by Nasdaq Nordic exchanges, including Nasdaq Helsinki.
Elite is a profitable and growing investment services company offering specialized asset management and fund investment services to private investors, institutions and investment professionals. Elite’s clientele consists of private citizens and communities. The company’s experienced Senior Bankers and Experts serve them in 13 offices around Finland. The first company in the current Elite Group was established in 2000. Elite Group employes about 75 investment professionals and over 30 agents. We manage assets over 1.6 billion euros for our 10,000 clients. More information on our services is available at https://www.elitevarainhoito.fi/elite-asset-management-plc.
“The successful completion of our initial public offering generates resources for our company to continue its journey on a growth path, and our personnel are very excited about it. We want to thank all our investors for the trust they have shown us and welcome them as our new shareholders. We also want to express our gratitude for the large amount of positive feedback we have received due to the listing”, said Kari Juurakko, Chairman of the Board of the Elite Asset Management Plc.
“The core of Elite’s business is to continuously improve our service offering and ensure efficient wealth management for our customers. The great success of our First North listing shows there is great trust in the results we have gained, and it enables us now to take the next steps of growth. Our goal is to make Elite the most attractive choice for our customers, personnel and shareholders”, commented Daniel Pasternack, the CEO of the Elite Asset Management Plc.
“We are excited to welcome Elite Asset Management Plc to Nasdaq First North where it will already be the 17th company in Finland and the 10th new company in Helsinki this year”, said Lauri Rosendahl, President of Nasdaq Helsinki. “Elite Asset Management will make a great addition to our Financials sector, and we look forward to a long-standing partnership with the company and its shareholders.”
Elite Asset Management Plc has appointed Merasco Ltd as its Certified Adviser. Its Legal Adviser in the offering was Borenius Attorneys Ltd.
About Nasdaq First North
Nasdaq 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.
Nasdaq (Nasdaq: NDAQ) is a leading provider of trading, exchange technology, 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 3,600 listed companies with a market value of approximately 8.8 trillion and more than 10,000 corporate clients. To learn more, visit nasdaq.com/ambition or business.nasdaq.com.
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