Cherry decides to postpone application to Nasdaq Stockholm

Business News

As previously communicated, Cherry AB (publ) has been preparing for an uplisting from AktieTorget to Nasdaq Stockholm, which was scheduled to be completed during the first half of 2017.

Due to the recently completed and significant acquisition of Come On Malta Ltd, and the work with finalising the integration that has been ongoing since July 2016, Cherry has decided to postpone the application for uplisting to Nasdaq Stockholm until after the summer. The company is in a strong position in relation to the uplisting and the preparations continue with high priority.

The decision allows the company to focus on finalising the integration with ComeOn, and also the latest acquisition of the game development company Highlight Games that was communicated to the market last week.