On May 31, 2016, Pilum AB (the “Company”) published a press release with information regarding that the Company has entered into an agreement to purchase all outstanding shares in Saxlund International Holding AB, a wholly owned subsidiary to Trention AB, listed on Nasdaq Stockholm, partly by an issue for non-cash consideration with a dilution for the Company’s shareholders corresponding to approximately 84.1 per cent.
The current rules of First North state that a listed company can be given observation status if the company has been subject of a reverse takeover or otherwise plans to make or has been subject to an extensive change in its business or organization so that the company upon an overall assessment appears to be an entirely new company.
With reference to what is stated above, Nasdaq Stockholm AB has decided that the shares in Pilum AB (PIL, ISIN code SE0006341616, order book ID 32880) will be given observation status.
For further information about this exchange notice please contact Niklas Ramstedt or Sanna Böris, telephone + 46 8 405 60 00.