Source: Nasdaq Nordic
Stockholm/Helsinki/Copenhagen/Reykjavik, December 20, 2017 — Nasdaq (Nasdaq: NDAQ) reports that the annual review of its Nordic market capitalization (market cap) segments is completed. The revision is based on the average market cap value in November 2017. Together with indexes and sector classifications, the market cap segmentation is a tool to increase visibility for companies listed on Nasdaq’s exchanges in Stockholm, Helsinki, Copenhagen and Iceland.
Effective January 2, 2018, the following 21 companies will change segment. Nineteen companies will change to a larger segment, while two companies will change to a smaller segment.
|Company Name||Current Segment||New List||Listing Venue|
|CellaVision AB||Small Cap||Mid Cap||Stockholm|
|G5 Entertainment AB||Small Cap||Mid Cap||Stockholm|
|Garo AB||Small Cap||Mid Cap||Stockholm|
|Hexatronic Group AB||Small Cap||Mid Cap||Stockholm|
|KABE AB ser. B||Small Cap||Mid Cap||Stockholm|
|Knowit AB||Small Cap||Mid Cap||Stockholm|
|Midsona AB ser. A||Small Cap||Mid Cap||Stockholm|
|Midsona AB ser. B||Small Cap||Mid Cap||Stockholm|
|Mr Green & Co AB||Small Cap||Mid Cap||Stockholm|
|Oriflame Holding AG||Mid Cap||Large Cap||Stockholm|
|Sensys Gatso Group AB||Mid Cap||Small Cap||Stockholm|
|Swedol AB ser. B||Small Cap||Mid Cap||Stockholm|
|Evli Pankki Oyj B||Small Cap||Mid Cap||Helsinki|
|Finnair Oyj||Mid Cap||Large Cap||Helsinki|
|Sanoma Oyj||Mid Cap||Large Cap||Helsinki|
|Uponor Oyj||Mid Cap||Large Cap||Helsinki|
|Alm. Brand A/S||Mid Cap||Large Cap||Copenhagen|
|Columbus A/S||Small Cap||Mid Cap||Copenhagen|
|Onxeo SA||Mid Cap||Small Cap||Copenhagen|
|SP Group A/S||Small Cap||Mid Cap||Copenhagen|
|Sjova-Almennar tryggingar hf.||Small Cap||Mid Cap||Iceland|
|Tryggingamiðstöðin hf.||Small Cap||Mid Cap||Iceland|
About the Market Cap Segments
Companies belong to a market cap segment (Small-, Mid- and Large Cap) based on their average market value during the given review month. Each segment is reviewed annually based on the average market cap in November with adjustments taking effect in January the following year. The market cap calculations are based on the total number of shares, i.e. both listed and non-listed shares, of a company. Companies with a market value exceeding EUR 1 billion are in the group of “Large Cap”, while companies with a market value smaller than EUR 150 million belong to “Small Cap”. Companies with a market value between EUR 150 million and EUR 1 billion belong to the “Mid Cap” segment.
12 month transitional period
Companies whose market cap has moved outside the reference values for their current classification are moved between segments according to the following rule: If their market cap is less than 50 percent of the minimum or more than 150 percent of the maximum threshold of their current segments they are transferred into a new segment with immediate effect. On the other hand, if their market cap is greater than 50 percent of the minimum or less than 150 percent of the maximum threshold of their current segment they are subject to a transitional period and thus one more review before transferring into a new segment. Hence, based on the EUR 1 billion Large Cap and EUR 150 million Mid Cap thresholds, a Large Cap company whose market cap value has not fallen below EUR 500 million, and a Mid-cap company whose market cap value has not fallen below EUR 75 million, are subject to a second review before moving down to the new segment. Similarly, a Mid Cap company whose market cap value has not exceeded EUR 1.5 billion and a Small-cap company whose market cap value has not exceeded EUR 225 million, are subject to a second review before moving up to the new segment.
Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 90 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to approximately 3,900 total listings with a market value of approximately $12 trillion. To learn more, visit: business.nasdaq.com.
Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland, Nasdaq Riga, Nasdaq Stockholm, Nasdaq Tallinn, Nasdaq Vilnius, Nasdaq Clearing and Nasdaq Broker Services are respectively brand names for the regulated markets of Nasdaq Copenhagen A/S, Nasdaq Helsinki Ltd., Nasdaq Iceland hf., Nasdaq Riga, AS, Nasdaq Stockholm AB, Nasdaq Tallinn AS, AB Nasdaq Vilnius, Nasdaq Clearing AB and Nasdaq Broker Services AB. Nasdaq Nordic represents the common offering by Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm. Nasdaq Baltic represents the common offering by Nasdaq Tallinn, Nasdaq Riga and Nasdaq Vilnius.
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about Nasdaq and its products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq's control. These factors include, but are not limited to factors detailed in Nasdaq's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.
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