Nordax application for de-listing approved
Nordax Group AB (publ) ("Nordax" or the "Company”) has, as previously announced, applied for de-listing of the Company’s shares from Nasdaq Stockholm. Nasdaq Stockholm has now approved the application and decided that the last day of trading will be 24 April 2018.
The Board of Directors of Nordax has also, as previously announced, resolved to not publish Nordax’s interim report for the period 1 January – 31 March 2018. As previously communicated, Nordax Bank AB (publ), a subsidiary of Nordax Group AB (publ) that has Senior Unsecured Floating Rate Notes admitted to trading on Nasdaq Stockholm, intends, however, to publish the interim report for the period 1 January – 31 March 2018 for Nordax Bank AB (publ) on 19 April 2018.
For further information, please contact:
Andreas Frid, Head of Media and Investor Relations, tel: +46 705 29 08 00
Nordax has a vision to become the leading niche bank in Northern Europe. Today we offer service to more than 150,000 customers in Sweden, Norway, Finland and Germany. We are a complement to the major banks and concentrate on a few products in which we are experts. We specialise in helping people make informed decisions for a life they can afford. Nordax employs about 200 people, all working in its office in Stockholm. The underwriting process is Nordax’s core competency; it is thorough, sound and data driven. Nordax’s customers are financially stable individuals. The typical customer is 49 years old and has an income above the national average. As of December 31, 2017 lending to the general public amounted to SEK 13.5 billion and deposits amounted to SEK 7.5 billion. Read more on www.nordaxgroup.com. For more information about Nordax’s customer offerings, read more on each country’s web site: www.nordax.se, www.nordax.no, www.nordax.fi and www.nordax.de.