After more than 12 months of waiting, G5 Entertainment has finally been approved for the listing on NASDAQ OMX Stockholm, Small Cap. Trading is expected to commence on June 10, 2014.
As a result of the listing on NASDAQ OMX Stockholm, the trading of G5 Entertainment’s shares on Aktietorget will be discontinued. Last day of trading on Aktietorget is expected to be on June 9, 2014.
Shareholders do not need to take any action in conjunction with the listing and the share will be traded under the same ticker symbol, G5EN. No new shares will be issued in conjunction with the listing.
G5 Entertainment has developed a business model that is both successful and scalable, as illustrated by the Company’s history. Coupled with the underlying market conditions and trends in the mobile games market, the Company is optimistic about the future.
The listing will provide G5 Entertainment with further access to the Swedish and international capital markets to support its growth and continued development. The Board of Directors expects that the listing of the shares will generate increased attention and brand awareness among existing and potential customers, developers and consumers. Moreover, the larger institutional investor base active on NASDAQ OMX Stockholm will allow the Company to attract capital at a lower cost and with greater ease, should external capital be needed.
A prospectus for the listing will be published on June 10, 2014 and made available on the Company’s website, www.g5e.com.
We expect the move to NASDAQ OMX to strongly increase the inflow of institutional investors and finally decrease the volatility caused by unsophisticated mood-swings of private investors. Furthermore, credibility of Aktietorget as a marketplace for shares is probably at an all-time low, following the dismissal handling of scandals such as Cefour in the recent past. All in all, the relisting of G5 should decrease the risk premium demanded by the market and we expect a revaluation towards the SEK 40 level.