Nasdaq Stockholm’s listing committee has assessed that Stillfront Group AB (publ) (“Stillfront”) fulfils applicable requirements for listing and will approve an application of admission to trading of Stillfront’s shares on Nasdaq Stockholm, subject to the fulfilment of certain customary conditions. In light of the list change, Stillfront has prepared and today published a prospectus, which has been approved and registered by the Swedish Financial Supervisory Authority (the “SFSA”) and applied for admission to trading of the company’s shares on Nasdaq Stockholm with expected first day of trading on 26 May 2021.
About the list change
The first day of trading in Stillfront’s shares on Nasdaq Stockholm is expected to be on Wednesday 26 May 2021. The last day of trading in Stillfront’s shares on Nasdaq First North Premier Growth Market will then be on Tuesday on 25 May 2021. The shares will be traded in the Large Cap segment under the same ticker (SF) and ISIN code (SE0015346135). There will not be any offer or issue of new shares, and shareholders of Stillfront will not need to take any action in connection with the list change.
Stillfront’s shares have been listed on Nasdaq First North Growth Market since 2015 and within the premier segment since 2017. The listing of the shares on Nasdaq Stockholm is a step further in the company’s continued growth. The Board and management believe that the listing on Nasdaq Stockholm will contribute to creating increased long-term shareholder value and this constitutes an important step in the continued expansion and development of the company. The Board expects that the list change will lead to an increased awareness of the company’s operations and activities, that it will strengthen the company’s profile and brand among investors and thereby provide increased access to the Swedish and international capital markets and increase the ability to attract and retain qualified key personnel and other employees.
“Since our IPO in late 2015, Stillfront has grown from 50 co-workers and four studios to a group of more than 1,250 co-workers and 20 different studios across the globe. During the past years, we have invested a lot of time and resources in building a robust business platform and professional organization that supports our growing number of game studios, and we are now ready to take the next step as a company. The listing on Nasdaq Stockholm’s main market is a quality stamp and an important milestone for Stillfront on our journey to building the leading free-to-play powerhouse of gaming studios”, says Jörgen Larsson, CEO, Stillfront.
For complete information of the expected list change from Nasdaq First North Premier Growth Market to Nasdaq Stockholm, please refer to the prospectus that has been drafted by Stillfront and as of today has been approved and registered by the SFSA. The prospectus is available on Stillfront’s website (www.stillfront.com), and on the SFSA’s website (www.fi.se).
DLA Piper Sweden is acting as legal adviser for Stillfront in connection with the listing on Nasdaq Stockholm.