Listing Nasdaq 2023
Nasdaq Stockholm's listing committee has, subject to customary conditions, approved Copperstone's application for admission to trading of the company's shares on Nasdaq Stockholm. The first day of trading is expected to be Friday, December 8, 2023.
“The listing on Nasdaq Stockholm will be an important milestone for us. The higher requirements on corporate governance, disclosure and transparency that follow from being listed on the main list are a stamp of quality“, says Jörgen Olsson, CEO of Copperstone.
Coppertone’s shares will be traded in the Mid Cap segment under the ticker symbol COPP. There has been no offering or issuance of new shares in Copperstone in connection with the change of listing from Nasdaq Stockholm First North Growth Market to Nasdaq Stockholm’s main market.
Listing enables broadened ownership base
Copperstone has been listed on Nasdaq Stockholm First North Growth Market since 2014, and was previously traded on Spotlight Market (formerly Aktietorget) since 2009. The Board of Directors of Copperstone believes that the listing of the company’s shares on Nasdaq Stockholm’s main market will improve the conditions for broadening the shareholder base and give the company access to more international and institutional investors, and thereby support the company’s continued development.
New ISIN code
In November, Copperstone received the ticker code COPP to clarify that the company only has one class of shares. In connection with the change of ticker code, the shares received a new ISIN code (SE0020999639). Copperstone’s Board of Directors has subsequently convened an Extraordinary General Meeting to decide on a reverse share split of the company’s shares, where 20 existing shares are consolidated into 1 new share. The reverse split is expected to be executed in mid-December, after the shares have started trading on Nasdaq Stockholm. In connection with this, the shares will receive a new ISIN code.
15 november 2023