The interest in Nodica Group AB (“Nodica Group” or the “Company”) has been strong and the indicated demand in the offering exceeded the number of shares offered several times, meaning that the offering was considerably oversubscribed. Nevertheless, due to the current stressed market conditions and geopolitical uncertainty, the board of directors of Nodica Group has today, in consultation with the Company’s largest shareholders, decided to discontinue the offering to acquire shares in the Company and withdraw the Company’s application for admission to trading on Nasdaq Stockholm. The board of directors and the Company’s largest shareholders consider that a listing under the current market volatility is not responsible towards existing and new shareholders.
Lena Olving, chair of the board of directors of Nodica Group, comments:
”We can conclude that there has been a very strong interest from both reputable institutions and family offices and it is satisfying that the offering has been substantially oversubscribed. However, the external circumstances for a listing are too uncertain at this point in time to finalise the process in a way that ensures that the Company has a successful start as a listed company. The decision to discontinue the offering is not taken easily, but the board of directors and the Company’s largest shareholders believe that it is the right decision given the very turbulent environment that we are currently in. We continue to view a listing of the Company’s shares to be favourable to the Company’s strategy and development, when the timing is right.”
For further information, please contact:
Niklas Edling, CEO, Nodica Group
Phone: +46 18 480 59 00
Email: niklas.edling@nodicagroup.com
Hans Grufman, CFO, Nodica Group
Phone: +46 18 480 59 00
Email: hans.grufman@nodicagroup.com
Pernilla Enkler, Head of Communications and Sustainability, Nodica Group
Phone: +46 79 143 52 90
Email: pernilla.enkler@nodicagroup.com
The interest in Nodica Group AB (“Nodica Group” or the “Company”) has been strong and the indicated demand in the offering exceeded the number of shares offered several times, meaning that the offering was considerably oversubscribed. Nevertheless, due to the current stressed market conditions and geopolitical uncertainty, the board of directors of Nodica Group has today, in consultation with the Company’s largest shareholders, decided to discontinue the offering to acquire shares in the Company and withdraw the Company’s application for admission to trading on Nasdaq Stockholm. The board of directors and the Company’s largest shareholders consider that a listing under the current market volatility is not responsible towards existing and new shareholders.
Lena Olving, chair of the board of directors of Nodica Group, comments:
”We can conclude that there has been a very strong interest from both reputable institutions and family offices and it is satisfying that the offering has been substantially oversubscribed. However, the external circumstances for a listing are too uncertain at this point in time to finalise the process in a way that ensures that the Company has a successful start as a listed company. The decision to discontinue the offering is not taken easily, but the board of directors and the Company’s largest shareholders believe that it is the right decision given the very turbulent environment that we are currently in. We continue to view a listing of the Company’s shares to be favourable to the Company’s strategy and development, when the timing is right.”
For further information, please contact:
Niklas Edling, CEO, Nodica Group
Phone: +46 18 480 59 00
Email: niklas.edling@nodicagroup.com
Hans Grufman, CFO, Nodica Group
Phone: +46 18 480 59 00
Email: hans.grufman@nodicagroup.com
Pernilla Enkler, Head of Communications and Sustainability, Nodica Group
Phone: +46 79 143 52 90
Email: pernilla.enkler@nodicagroup.com
About Nodica Group
Nodica Group consists of four specialised businesses: ScandiNova Systems, Scanditronix Magnet AB, IECO International Electric Company Oy (IECO) and Microwave Amps Ltd. Headquartered in Uppsala, Sweden, and with a dedicated team of over 240 employees globally, the Group delivers breakthrough technologies worldwide. Working closely with our customers, we drive development in areas such as medical technology, industry and scientific research.
Read more about Nodica Group at www.nodicagroup.com
Published
Monday 7 April 2025, 17:50
