Trading in Adapteo Plc’s shares on the Main Market of Nasdaq Stockholm AB begins today
Adapteo Plc Regulatory Press Release 1 July 2019 at 08:30 am CEST
Trading in Adapteo Plc’s (“Adapteo”) shares on the Main Market of Nasdaq Stockholm AB begins today, 1 July 2019. The trading code of the shares in Adapteo is ADAPT.
On 17 June 2019, the Extraordinary General Meeting of Cramo Plc (“Cramo”) decided that Cramo will demerge through a partial demerger (“Demerger”) so that all of the assets, debts and liabilities belonging to Cramo’s Modular Space business are transferred without a liquidation procedure to Adapteo. The completion of the Demerger was registered with the Finnish Trade Register on 30 June 2019.
Upon the completion of the Demerger, Cramo’s shareholders received as demerger consideration one (1) Adapteo share for each Cramo share that they held. At the beginning of trading, the number of shares in Adapteo subject to trading is 44,682,697.
Philip Isell Lind af Hageby, CEO, +46 73 022 19 36, philip.isell@adapteo.com
Timo Pirskanen, CFO, +358 50 3154320, timo.pirskanen@adapteo.com
Adapteo in brief
Adapteo is a leading Northern European provider of modular space solutions. We operate in Sweden, Finland, Norway, Denmark and Germany. Adapteo is a new brand with over 30 years of experience, born from the acquisition of Nordic Modular Group and the demerger from Cramo. We offer premium modular space solutions to schools, daycare centers, offices, accommodation and events for temporary and permanent needs. In 2018, Adapteo’s pro forma net sales were EUR 221 million. Pro forma net sales include the modular space business of Cramo Plc and acquired Nordic Modular Group’s net sales for full year.
A changing society needs adaptable space. At Adapteo, we make sure everyone has the right kind of space, so that people can grow, and societies can move ahead. We create flexible modular spaces that are good for the planet and great for the future. Adapteo is listed on Nasdaq Stockholm.
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