Stockholm, Sweden – Tessin Nordic AB (publ) is announcing that Tessin Nordic Holding AB (publ), under its current name Effnetplattformen AB (publ), and Effnetplattformen Holding AB (publ) have applied for and been granted conditional approval for listing on Nasdaq First North Growth Market.

The approval from Nasdaq Stockholm is conditional upon the companies disclosing a company description and meeting the free float requirement, and that no new significant events occur in the company that could change the assessment by Nasdaq Stockholm.

“The journey began back in 2014 when we founded Tessin. The constant objective has always been for Tessin, as the leading and largest provider of alternative financing to the real estate sector, to benefit from access to the public capital market to accelerate our growth”, says Jonas Björkman, CEO and co-founder of Tessin.

“Supported by expert advisers and outstanding collaboration with the representatives of Effnetplattformen, the listing process has been painless and efficient. Tessin is being listed and it looks like trading will begin at the end of May.”

Tessin has reinforced ownership in the company during the listing process by welcoming several prominent names to the list of shareholders, while NFT Ventures has demonstrated its confidence in Tessin by increasing its stake.

As planned, the final resolution to acquire Tessin Nordic AB (publ) and distribute the shares in Effnetplattformen Holding AB (publ) to current shareholders in Effnetplattformen will be confirmed by the annual general meeting of shareholders in Effnetplattformen AB (publ) on 21 May 2021. For further information, please see the notice of the annual general meeting published on 20 April 2021.

Key dates

  • 21 May 2021: Preliminary last day of trading in Effnetplattformen AB (publ) with the right to receive shares in Effnetplattformen Holding AB (publ).
  • 24 May 2021: Preliminary first day of trading with no right to shares in Effnetplattformen Holding AB (publ) and first day of trading in Tessin Nordic Holding AB (publ).
  • 28 May 2021: Preliminary first day of trading in shares in Effnetplattformen Holding AB (publ).

Each company intends to disclose company descriptions in ample time before the annual general meeting of shareholders in Effnetplattformen on 21 May 2021.

Stockholm Corporate Finance has acted as financial adviser to Tessin and the law firm of Advokatfirman Delphi has acted as legal adviser.

© TT News Agency Sweden, source TT News Agency English Press Releases