Stockholm, August 20 2012 — NASDAQ OMX (NASDAQ: NDAQ) announces that the trading in Stureguld AB (SGLD B) shares will commence today on First North at NASDAQ OMX Stockholm. Stureguld belongs to the Consumer services sector and is the fifth company to be admitted to trading on First North in 2012.
Founded in 2010, Stureguld is operating within the precious metals and jewelry segment. It trades mainly gold, silver, platinum, palladium and rodium through own stores in Stockholm Malmö and Oslo, or through a web store, targeting mainly the retail market. It also conducts exploration through a subsidiary.
Joacim Nord, founder and CEO of Stureguld, said: “As a young and growing company, Stureguld can truly benefit from a listing on First North. The market place is known to host some of the most successful and innovative companies in the Nordics, and it’s great to be a part of that. It’s also a quality mark, not only to our investors, but also to our customers. Strong confidence has been a cornerstone in our success, and this listing truly enhances that. We look forward to further develop the company as a publicly held entity on First North.”
Emelie Jarnesten, head of NASDAQ OMX First North, commented: “We welcome Stureguld to First North, one of Europe’s most liquid growth markets. The company is a welcome addition to the consumer service sector. We look forward to supporting the management by maximizing its exposure to both local and global investor communities.”
Stureguld has appointed Mangold Fondkommission AB as Certified Adviser.
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First North is regulated as a multilateral trading facility, operated by the different exchanges within NASDAQ OMX Nordic. It does not have the legal status as an EU-regulated market. Companies at First North are subject to the rules of First North and not the legal requirements for admission to trading on a regulated market. The risk in such an investment may be higher than on the main market.
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