Readly receives approval to change listing venue to Nasdaq First North Growth Market on 20 November 2023
Readly International AB (publ) ("Readly" or the "Company") has applied for and today received approval for admission to trading on Nasdaq First North Growth Market. First day of trading on Nasdaq First North Growth Market will be on 20 November 2023. In connection with the change of listing venue Readly has prepared a company description, which is available on Readly's website https://corporate.readly.com.
On 27 June 2023, Readly announced that the Company's board of directors has resolved to initiate a process to change listing venue for the Company's shares from Nasdaq Stockholm to Nasdaq First North Growth Market. As communicated on 2 October 2023 and 3 October 2023, respectively, Readly has applied for delisting of the Company's shares from Nasdaq Stockholm and Nasdaq Stockholm has approved Readly's application for delisting, conditional upon Readly's application for admission to trading on Nasdaq First North Growth Market being approved. The Company's application for admission to trading on Nasdaq First North Growth Market has today been approved. The last day of trading of the Company's shares on Nasdaq Stockholm will be on 17 November 2023 and the first day of the Company's shares on Nasdaq First North Growth Market will be on 20 November 2023.
The Company has prepared a company description in connection with the application for admission to trading on Nasdaq First North Growth Market. The company description does not constitute a prospectus, has not been approved by the Swedish Financial Supervisory Authority and does not contain any offer to subscribe for shares or other financial instruments in Sweden or in any other jurisdiction. The company description is available on the Company's website, https://corporate.readly.com.
Shareholders of Readly will not have to take any actions in connection with the change of listing venue.
The board of directors considers that a change of listing venue from Nasdaq Stockholm to Nasdaq First North Growth Market would support the Company's continued development and profitability due to a more suitable regulatory environment and lowered costs for complying with ongoing obligations, as well as that such a listing is deemed more suitable for the Company's current shareholder base.
For more information, please contact:
Linnéa Aguero, Head of PR & Communications, +46 725 03 32 31, [email protected]
The information in this press release has been published by the above contact person, at the time specified by the Company’s news distributor Cision at the time of publication of this press release.
About Readly
Readly is the European category leader for digital magazines. The company offers a digital subscription service where customers have unlimited access to 7600 national and international magazines - all in one app and at a fixed monthly fee. Readly has subscribers in 50 countries and content available in 17 different languages. In collaboration with around 1,200 publishers worldwide, Readly is digitising the newspaper and magazine industry. In 2022, revenues amounted to SEK 592 million. The Readly share is listed on Nasdaq Stockholm. For more information, please visit https://corporate.readly.com.