Ortivus AB (publ) ("Ortivus" or the "Company") has applied for and today received approval for admission to trading on the Nasdaq First North Growth Market. The first day of trading on the Nasdaq First North Growth Market will be December 19, 2024.
On October 25, 2024, Ortivus announced that the Company's board had decided to initiate a process for changing the list for the Company's shares from Nasdaq Stockholm to Nasdaq First North Growth Market. Ortivus has applied for the delisting of the Company's shares from Nasdaq Stockholm and Nasdaq Stockholm has approved Ortivus' application for delisting. Furthermore, the Company's application for admission to trading on the Nasdaq First North Growth Market has been approved. The last day for trading of the Company's shares on Nasdaq Stockholm will be December 18, 2024, and the first day for trading on Nasdaq First North Growth Market will be December 19, 2024.
The shareholders in Ortivus will not have to take any measures in connection with the list change.
Ortivus has a long history of being in a public environment and thus transparently communicating with market players, which the company will continue to do. As a result of the list change, there is no longer a requirement for Ortivus to apply the Swedish Code of Corporate Governance ("the Code"), but Ortivus will follow the Code in selected parts.
The company will also publish quarterly reports according to IFRS with application of IAS 34. The Board of Directors assesses that a listing of the Company's shares on the Nasdaq First North Growth Market will entail lower costs, among other things, for the stock exchange itself and auditing.
Nasdaq First North Growth Market
Nasdaq First North Growth Market is a registered growth market for small and medium-sized companies in accordance with Directive 2014/65/EU on markets in financial instruments, as implemented in the national legislation of Denmark, Finland and Sweden, and is operated by an exchange within Nasdaq- the group. Issuers on the Nasdaq First North Growth Market are not subject to the same rules as issuers on the regulated market, as defined in EU legislation and implemented in national legislation. They are instead subject to less extensive rules adapted to smaller growth companies. The risks attributable to an investment in an issuer on the Nasdaq First North Growth Market may therefore be higher than an investment in an issuer on the regulated market. Nasdaq Stockholm AB approves the application for admission trading. All issuers whose shares are admitted to trading on the Nasdaq First North Growth Market have a Certified Adviser who monitors compliance with the rules. FNCA Sweden AB is the Company's Certified Adviser. FNCA Sweden AB does not own any shares in the Company.