Scandinavian House Development SA (“Scandinavian House” or the “Company”) is very pleased to announce that the shares of the company are successfully listed and traded at the Marché Libre market of the NYSE Euronext Paris through a direct listing procedure. The initial listing day took place on June 16th 2014 with an opening price of EUR 2.98. Scandinavian House has issued a total of 3,440,000 shares with a nominal value of CHF 1.25 per share. The share capital of the company is at CHF 4,300,000. All outstanding shares have been registered are free to trade. Thus the total market capitalization of the company at IPO date amounts to EUR 10,251,200.
Marco Zanatti, President and Chairman of the Board of Directors comments:”We are very satisfied with the result of our IPO. By this important step, the company enters into a new part of its long-term growth strategy. We are looking forward to a successful partnership with all of our current and new shareholders. In particular we want to thank our French Broker NFinance Securities and consulting company Korsair Management GmbH from Berlin, Germany, for their great support and guidance in the preparation and during the entire filing process.”
SCANDINAVIAN HOUSE DEVELOPMENT SA
Route d’Oron 2, 1010 Lausanne, Switzerland
Exchange: NYSE Euronext Paris
Market: Marché Libre
Symbol : MLSHD
Disclaimer; Forward-Looking Statements:
This announcement or any other statement from SCANDINAVIAN HOUSE DEVELOPMENT SA contains forward-looking statements that are based on assumptions and estimations of SCANDINAVIAN HOUSE DEVELOPMENT SA. Words such as “estimate,” “expect“, “plan,” “project” and “will” and similar expressions identify such forward-looking statements. The actual results may differ substantially from such assumptions and estimations caused by various factors. These forward-looking statements speak only as of their dates and have been reasonable at that time. SCANDINAVIAN HOUSE DEVELOPMENT SA undertakes no obligation to publicly update or revise any forward-looking statements. This or any other statement from SCANDINAVIAN HOUSE DEVELOPMENT SA does not constitute an offer or a solicitation of an offer for the purchase or sale or subscription of any securities of SCANDINAVIAN HOUSE DEVELOPMENT SA in Germany, Switzerland or any other country. This statement constitutes pure information about the company. Each and any investment into securities, particularly into shares of young companies like SCANDINAVIAN HOUSE DEVELOPMENT SA, bears high risks including a total loss of the invested amount. Potential investors generally should consult a qualified advisor before taking any investment decision at all.