Stockholm, 2012-01-12 16:46 CET (GLOBE NEWSWIRE) -- TrustBuddy International AB (publ):s observation status on First North has been removed
Following the merger with 360 Holding AB (Publ) (360H) on the 30th of June 2011, the shares in TrustBuddy International AB (Publ) (“TrustBuddy”) were listed with an “Observation” status. Simultaneously, as a result of the 95% decline in share price in 360H plus the large amount of new shares issued, the number of minimum-size shareholders and the liquidity in the share no longer fulfilled the requirements for companies listed at First North. Through a private placement and rising interest from new shareholders, TrustBuddy has since had an increase in minimum-size shareholders from approx. 50 to more than 200, in addition to an upsurge in liquidity, which has again made TrustBuddy fulfill the NASDAQ OMX Stockholm AB liquidity requirements. NASDAQ OMX Stockholm AB has subsequently decided that the observation status for the shares in TrustBuddy should be removed with effect from today January 12, 2012, and the shares are again listed normally on NASDAQ First North.
For more information, please contact:
Jens B. Glasø
CEO, TrustBuddy International AB (Publ.)
+47 40 40 47 50,
investorcare@trustbuddy.com
http://trustbuddyinternational.com/
About Trustbuddy International AB (publ)
Trustbuddy International AB (publ) is one of the first in the world to focus on arranging loans and capital provision between buddies in an organised manner. The company is listed at NASDAQ OMX First North in Stockholm. Mangold Fondkommission AB is Trustbuddy International AB (publ):s Certified Adviser and Liquidity Provider, contact number: +46 8-503 015 50.