Nyab Oyj, a Finnish company, has completed its transfer to Sweden and has established a new location in Lulea. The company will be removed from the Finnish trade register today and will establish a branch in Finland tomorrow. Starting tomorrow, Nyab will begin trading on the First North Premier market of the Stockholm Stock Exchange. In addition, the company will be removed from the Helsinki Stock Exchange’s First North list today. Moving forward, the company will communicate officially in Swedish and English only.
Euroclear has announced that Nyabi had 3,855 Finnish owners as of the end of May. Finnish shareholders who own shares in Nyab Oyj will receive linked securities through Euroclear Finland representing Nyabi’s new Swedish shares listed in the Swedish Euroclear system. The conversion is one-to-one and does not require any action from owners who do not intend to sell their shares. However, when Finnish shareholders want to sell Nyabi’s shares on the Stockholm Stock Exchange, they must exchange their Finnish link securities for Swedish shares.
Nyab has arranged with certain custodians and account managers for the exchange of link securities into Swedish shares free of charge between June 28 and September 30, 2024. Shareholders are encouraged to take advantage of this opportunity to avoid future administrative costs. Shareholders must contact their stockbroker for the conversion. Custodians and account managers facilitating the exchange include Aktia Bank, Danske Bank, Evli, Nordnet, the Helsinki branch of Skandinaviska Enskilda Banken, and OP Säilytys Oy.
