Exchange Approves Net Entertainment Switch
By Staff
Online gambling software provider Net Entertainment has announced that the listing committee for the Stockholm Stock Exchange has approved its switch to the Nasdaq OMX Stockholm from the smaller Nordic Growth Market.

The firm behind the CasinoModule online casino solution announced in October that it would seek a listing with the much larger market and revealed last week that trading on the new marketplace would begin on January 13.

”Net Entertainment has during the last five years showed a strong growth rate and rising profitability,” said Johan Ohman, President and Chief Executive Officer for Net Entertainment.

“The listing on Nasdaq OMX Stockholm constitutes a quality stamp and is implemented to further improve the brand and Net Entertainment’s position among customers, co-workers, investors and media as well as improve the possibility to use the share as payment in connection with potential acquisitions”.

Net Entertainment stated that existing shareholders would not need to take any action in connection with the listing on Nasdaq OMX Stockholm and that it would not be releasing any additional shares. Its shares will continue to be traded under the same short name as before, Net B, with ISIN-code SE0001089252.

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