Danderyd, 2013-03-22 08:00 CET (GLOBE NEWSWIRE) --
The Board of Directors in XCounter decided 21th of March 2013 to delist the Company’s shares from NASDAQ OMX First North Stockholm. Trading of the share is referred to be enabled on the Mangold list.
The background for this decision is mainly that the company needs further cost savings but also that the trade of the share is very low which making the share price volatile. A delisting giver cost savings and reduced administrative burden.
XCounter does also not meet NASDAQ OMX First North Stockholm requirement that at least 300 shareholders should have a holding of shares worth a total of approximately EUR 500. According to the Board of Directors the conditions for trading in the Company’s shares is not satisfying.
A formal application for delisting will be submitted to NASDAQ OMX First North Stockholm and the last day of trading XCounter shares on NASDAQ OMX First North Stockholm will be published together with the delisting decision made by NASDAQ OMX First North Stockholm.
In order to enable a continued trade of the share the Company will instead apply for listing of the share on Mangold Fondkommission’s list for unlisted companies, the Mangold list, under the ticker XCT. First day of trading on the Mangold list will be notified as soon as NASDAQ OMX First North Stockholm has taken its delisting decision. The company will continue to provide shareholders with current information about the share and the company via the Company’s website. Mangold Fondkommission stands under “Finansinspektionens” supervision and conduct investment business under the Swedish Act (2007:528) regarding the securities market, and offers trading in unlisted companies.
Trading on the Mangold list:
Investors who wish to trade shares on the Mangold list are requested to contact their bank or Securities Company which in turn will contact Mangold Fondkommission’s trading desk. Shareholders who open an account at Mangold Fondkommission can trade shares commissions-free on the Mangold list.
For more information about the Mangold list please see Mangold Fondkommission’s website, www.mangold.se under the tab The Mangold List.
Important information
| First day of trading: | To be announced |
| Ticker: | XCT |
| Total number of shares: | 4,586,957 |
| ISIN code: | SE0000963100 |
| Trading post: | 100 shares |
For further information
Fredrik Henckel, CEO, +46 8 622 23 17
Jean-Philippe Flament, Chairman
XCounter AB in summary
XCounter AB is a technology leader in direct conversion and photon counting digital X–ray imaging for medical, dental and industrial markets targeting to be the leading provider of high-end X-ray sensors. The Company’s share is traded at the stock exchange Nasdaq OMX First North. Mangold Fondkommission AB, telephone +46 8 503 015 50, is the Company’s Certified Adviser and Liquidity Provider. Further information about XCounter AB can be found at www.xcounter.se.
