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2020-10-06

Adapteo Group: Adapteo will postpone its listing on Nasdaq Helsinki

Adapteo Plc Press release 6 October 2020 at 4:50 p.m. CEST

Adapteo, a leading Northern European company offering adaptable buildings, will postpone its intended dual listing on Nasdaq Helsinki as a result of its acquisition of Dutch Cabin Group, which was announced yesterday.  

Postponing the listing on Nasdaq Helsinki enables Adapteo to provide, in connection with the listing, more detailed financial information on the impact of the acquisition than would currently be available while the completion of the acquisition is pending.

- The acquisition of Dutch Cabin Group is a significant opportunity in Adapteo's expansion in Europe that is intended to create significant shareholder value. In negotiating the purchase of a business, no party has a unilateral say on the time-line and this business combination has no bearing on our intention to see our shares traded in Helsinki. It just means that it will happen later than previously announced. Making it easier for our Finnish shareholders to make transactions remains a priority for the company, says Philip Isell Lind af Hageby, President and CEO of Adapteo Group.

Adapteo announced on 25 September 2020 that the listing of its shares on the official list of Nasdaq Helsinki was expected to take place on or about 12 October 2020. Adapteo still aims to list its shares on Nasdaq Helsinki during 2020 and will announce a new intended timetable when this has been established.

Författare Adapteo Group

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