Adapteo Plc Press release 6 October 2020 at 4:50 p.m. CEST
Adapteo, a leading Northern European company offering adaptable buildings, will postpone its intended dual listing on Nasdaq Helsinki as a result of its acquisition of Dutch Cabin Group, which was announced yesterday.
Postponing the listing on Nasdaq Helsinki enables Adapteo to provide, in connection with the listing, more detailed financial information on the impact of the acquisition than would currently be available while the completion of the acquisition is pending.
– The acquisition of Dutch Cabin Group is a significant opportunity in Adapteo’s expansion in Europe that is intended to create significant shareholder value. In negotiating the purchase of a business, no party has a unilateral say on the time-line and this business combination has no bearing on our intention to see our shares traded in Helsinki. It just means that it will happen later than previously announced. Making it easier for our Finnish shareholders to make transactions remains a priority for the company, says Philip Isell Lind af Hageby, President and CEO of Adapteo Group.
Adapteo announced on 25 September 2020 that the listing of its shares on the official list of Nasdaq Helsinki was expected to take place on or about 12 October 2020. Adapteo still aims to list its shares on Nasdaq Helsinki during 2020 and will announce a new intended timetable when this has been established.
For additional information, please contact
Philip Isell Lind af Hageby, CEO, +46 73 022 19 36, email@example.com
Erik Skånsberg, CFO, +46 70 264 70 35, firstname.lastname@example.org
Adapteo in brief
Adapteo is a leading flexible real estate provider in Northern Europe. We build, rent out and sell adaptable buildings for schools, daycare centres, care, offices, accommodation and events. We know that our society will go through an immense change in the years to come. Whatever the future brings, we believe that adaptability is the best solution. With our buildings, we can transform, repurpose, scale up and scale down in a matter of weeks by using a modular and circular building concept. Our buildings can be used for a few days or indefinitely, always optimised for current needs. That is how we build adaptable societies.
Adapteo is listed on Nasdaq Stockholm and operates in Sweden, Finland, Norway, Denmark and Germany. In 2019, Adapteo’s Net sales were EUR 216 million.
Press release – Adapteo will postpone its listing on Nasdaq Helsinki