On December 8, 2023, Copperstone’s shares started trading on Nasdaq Stockholm Main Market, after having previously been listed on Nasdaq First North Growth Market.
“The listing on Nasdaq Stockholm is an important milestone for us. The higher requirements on corporate governance, disclosure and transparency that follow from being listed on the main list are a stamp of quality“, says Jörgen Olsson, CEO of Copperstone.
Copperstone’s shares are traded in the Mid Cap segment under the ticker symbol COPP. There has been no offering or issuance of new shares in Copperstone in connection with the change of listing from Nasdaq First North Growth Market to Nasdaq Stockholm Main Market.
Listing on Nasdaq Stockholm enables broadened ownership base
Copperstone’s share has been listed on Nasdaq First North Growth Market since 2011, and was previously traded on Spotlight Market (formerly Aktietorget) since 2007. The Board of Directors of Copperstone believes that the listing of the company’s shares on Nasdaq Stockholm Main Market will improve the conditions for broadening the shareholder base and give the company access to more international and institutional investors, and thereby support the company’s continued development.
New ISIN code
In November, Copperstone received the ticker code COPP to clarify that the company only has one class of shares. In connection with the change of ticker code, the shares received a new ISIN code (SE0020999639). The Extraordinary General Meeting on 30 November 2023 resolved on a reverse share split of the company’s shares, whereby 20 existing shares are consolidated into 1 new share. In connection with reverse share split, the shares will receive a new ISIN code (SE0021148160). The record date for the reverse share split is 14 December 2023, which means that the first day of trading in the consolidated shares and with the new ISIN code will be 13 December 2023.