Nyabilla’s last trading day in Helsinki is over, the stock will move to the Stockholm list

Infrarakentaja Nyabin the previously announced transfer from Finland to Sweden has taken place.

On Thursday, Nyabi’s domicile changed from Finland to Sweden. The company’s new seat is Luulaja. Once Nyab oyj has been removed from the Finnish trade register, the company plans to establish a branch in Finland. This will probably happen tomorrow.

The company will start already tomorrow, Friday, on the First North Premier market place of the Stockholm Stock Exchange. Nyab will be removed from the Helsinki Stock Exchange’s First North list today.

Up until now, the company has communicated officially in Finnish and English, but in the future, regulated communication will only take place in Swedish and English. According to Euroclear, Nyabi had 3,855 Finnish owners at the end of May.

Nyab moving from Helsinki to Stockholm’s First North at the end of June

The replacement securities should be exchanged for shares in the next few months

The Finns who owned Nyab oyj will receive linked securities instead through Euroclear Finland, which maintains the Finnish book-entry system. These link securities represent Nyabi’s new Swedish shares listed in the Swedish Euroclear system.

The conversion is one-to-one and does not require any action from owners who do not intend to sell their shares. However, you cannot trade in link securities.

When the Finnish owner wants to sell Nyabi’s shares on the Stockholm Stock Exchange in the future, he must exchange his Finnish link securities for Nyabi’s Swedish shares.

The exchange usually involves administrative fees charged by custodians or account managers.

However, Nyab has agreed with certain custodians and account managers on arrangements according to which the holders of link securities can exchange their entire holdings of link securities for Swedish shares at once between June 28 and September 30, 2024, free of charge.

Nyab urges Finnish owners to take advantage of the opportunity to avoid possible administrative costs in the future. The owner of Nyabi must contact his stockbroker for the conversion.

Custodians or account managers with whom the Company has made the above-mentioned arrangements for exchanging link securities into Swedish shares free of charge to their holders are currently Aktia Bank, Danske Bank, Evli, Nordnet and the Helsinki branch of Skandinaviska Enskilda Banken.

In addition, Nyab has agreed with OP Säilytys Oy on arrangements according to which OP Säilytys Oy will exchange all linked securities in the possession of holders for whom it acts as custodian or account manager into Swedish shares free of charge to such holders and without requiring the holders to take any action.