Stockholm, June 18, 2009 — The NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) announces
that Tethys Oil (TETY) has been approved for a move to the First North Premier
segment. Companies in the First North Premier segment commit to follow the
disclosure rules for the NASDAQ OMX Nordic main market, and to apply
International Financial Reporting Standards (IFRS) for accounting and financial
reports. Tethys Oil shares will commence trading in the First North Premier
segment at NASDAQ OMX Stockholm today June 18th.
Tethys Oil is a Swedish energy company focused on identification and development
for production of oil and natural gas assets in the Middle East, North Africa
and Europe. Tethys' strategy is to invest in projects in areas with known oil
and natural gas discoveries that have not been properly appraised using modern
technology.
Jenny Rosberg, Senior Vice President, NASDAQ OMX said, “We congratulate Tethys
Oil to qualifying for the First North Premier segment. Tethys Oil is a great
example of a company on First North that uses the Premier segment to prepare and
gain experience before the next step - a move to our main market.”
Since the launch on February 16th, a total of 23 companies have been approved
for trading on First North Premier.
The First North Premier segment is available on NASDAQ OMX markets in Stockholm,
Copenhagen, Helsinki and Iceland. For more information about First North Premier
visit: www.nasdaqomx.com/listingcenter/firstnorth/premier.
About First North
First North is an alternative market, operated by the different exchanges within
NASDAQ OMX Nordic. It gives companies greater visibility and ease of access to
Northern Europe's largest pool of capital, combining the benefits of being
on-market with simplicity. This means that the companies admitted to trading at
First North are given the same possibilities as larger companies, but with
lighter regulations. First North does not have the legal status of an
EU-regulated market. Companies at First North are subject to the rules of First
North and not the legal requirements for admission to trading on a regulated
market. The risk in such an investment may be higher than on the main market.
ABOUT NASDAQ OMX
The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers
trading, exchange technology and public company services across six continents,
with over 3,800 listed companies. NASDAQ OMX offers multiple capital raising
solutions to companies around the globe, including its U.S. listings market,
NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North, and the U.S. 144A
sector. The company offers trading across multiple asset classes including
equities, derivatives, debt, commodities, structured products and
exchange-traded funds. NASDAQ OMX technology supports the operations of over 70
exchanges, clearing organizations and central securities depositories in more
than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal
entities but describe the common offering from NASDAQ OMX exchanges in Helsinki,
Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information
about NASDAQ OMX, visit www.nasdaqomx.com.
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made
under the Safe Harbor provisions of the Private Securities Litigation Reform Act
of 1995. These statements include, but are not limited to, statements about
NASDAQ OMX's products and offerings. We caution that these statements are not
guarantees of future performance. Actual results may differ materially from
those expressed or implied in the forward-looking statements. Forward-looking
statements involve a number of risks, uncertainties or other factors beyond
NASDAQ OMX's control. These factors include, but are not limited to factors
detailed in NASDAQ OMX's annual report on Form 10-K, and periodic reports filed
with the U.S. Securities and Exchange Commission. We undertake no obligation to
release any revisions to any forward-looking statements. There can be no
assurance that the FSA will give the NASDAQ OMX applicant the authorization and
permissions which it seeks.
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NASDAQ OMX CONTACTS:
Carl Norell
+46 8 405 6639
carl.norell@nasdaqomx.com
