The Stockholm Stock Exchange listing committee has approved Net Entertainment N.E. A.B. for listing on Nasdaq OMX Stockholm, the company announced on Monday.
The company said Jan. 13, 2009, will be the first day of trading on the exchange, which means trading in B-shares will be moved from the marketplace NGM Equity before that date. In a statement, Net Entertainment added that its shareholders will not have to take any action with the switch and that shares would be traded under the same listing as before.
”Net Entertainment has during the last five years showed a strong growth rate and rising profitability,” Johan Öhman, president and chief executive of Net Entertainment, said in a prepared statement. ”The listing on Nasdaq OMX Stockholm constitutes a quality stamp and is implemented to further improve the brand and Net Entertainment's position among customers, coworkers, investors and media as well as improve the possibility to use the share as payment in connection with potential acquisitions.”