Stockholm, April 2, 2015 — Nasdaq (Nasdaq: NDAQ) announces that the trading in K2A Knaust & Andersson Fastigheter AB preference shares (short name: K2A PREF) commenced today on Nasdaq First North Premier in Stockholm. In the Nasdaq First North Premier segment companies commit to follow the disclosure rules of Nasdaq Nordic’s main markets. K2A belongs to the Financials sector and is the 22nd company to be admitted to trading on Nasdaq’s Nordic markets* in 2015.
K2A is a real estate company with a focus on long-term management of self-produced rental units for all types of accommodations. In order to strengthen the current cash flow, K2A has chosen to combine its residential real estate portfolio with community buildings and other commercial properties. The operations are concentrated to Mälardalen and a selected number of university and college towns. In 2014 the total housing portfolio encompassed 1,500 rental units, of which 1,000 were student housing. For more information, please visit www.k2a.se.
“We are in a very interesting phase in the development of K2A, with ongoing residential projects in six localities,” said Johan Knaust, co-founder and CEO of K2A. “The new issue of preference shares will strengthen the company's financial readiness to exploit attractive opportunities while the listing on First North Premier will increase awareness of K2A and its activities.”
“We welcome K2A to Nasdaq First North and to our family of listed companies,” said Adam Kostyál, senior vice president and head of European listings at Nasdaq. “We continue to see a strong interest for the public markets within the real estate sector and today’s listing underlines that trend.”
K2A has appointed Avanza Bank AB as 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 in 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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