LeoVegas approved for listing on Nasdaq Stockholm
LeoVegas AB’s (publ) (“LeoVegas“) has today been formally approved for listing on the Nasdaq Stockholm regulated market by Nasdaq Stockholm’s listing committee.
The approval is conditional upon fulfilment of customary conditions. The last day of trading on First North Premier is expected to be 2 February 2018, and the first day for trading on Nasdaq Stockholm is planned to be commenced on 5 February 2018.
LeoVegas expects the conditions to be fulfilled by the first day for trading on Nasdaq Stockholm. The listing prospectus that has been prepared for the listing change was approved and registered by the Swedish Financial Supervisory Authority yesterday on 29 January 2018.
LeoVegas’ shares will be traded under the same ticker (LEO) and ISIN code (SE0008091904). LeoVegas shareholders do not need to take any action in connection with the change in listing.
Comment by Gustaf Hagman, Group CEO:
“This change in listing can be credited to a strong team effort by everyone at LeoVegas, and I want to take this opportunity to express extra praise to my team for the hard work they have done to bring this across the finish line. The change in listing strengthens the Group and gives us an even better quality seal in our communication and cooperation with authorities, licensors and partners. For institutional investors – both in Sweden but even more so abroad – we will become more accessible and attractive as a company. Today is a big day for LeoVegas and yet another step in our ongoing journey of growth.”
The Board of Directors and Group Management are of the opinion that a listing change is a positive and important step in LeoVegas’ development and will further increase awareness about LeoVegas and strengthen the Company’s brands. In addition, it will position LeoVegas for a development with more regulated gaming markets and create new opportunities for continued strong growth. Further, the Nasdaq Stockholm regulated market will give LeoVegas more and broader access to the Swedish and international capital markets. All in all, the change in listing will contribute to LeoVegas’ organic growth strategy as well as to growth through possible acquisitions.
Baker McKenzie is acting as legal adviser to LeoVegas in connection with the change in listing to Nasdaq Stockholm.