Stockholm, December 7, 2011 - NASDAQ OMX (NASDAQ: NDAQ) announces that trading in XCounter AB (short name: XCT) shares will commence today, December 7, on First North at NASDAQ OMX Stockholm. Prior to this, XCounter was listed on AIM in London, the London Stock Exchange growth market. XCounter belongs to the Health Care sector and is the 15th company to be admitted to trading on First North in 2011.
Based on over 10 years of experience, XCounter develops and supplies high performance X-ray detector solutions, providing superior image quality at minimal radiation dose, for applications in the medical, dental and industrial area in a global market. Headquartered in Stockholm, XCounter employs 32 people in its facilities in Sweden and Finland. For more information see www.xcounter.se.
Jenny Rosberg, Senior Vice President at NASDAQ OMX said, "We are very pleased that XCounter chose to move its listing to First North, one of Europe's leading market places for growth companies. Many of our First North listings this year are switches from other growth markets, which is a testament to the strong liquidity and broad investor reach that we can offer our listed companies."
XCounter's CEO, Mikael Strindlund, commented, "A listing on First North is in the best interest for the company as well as its shareholders. A request from our shareholders is hereby fulfilled. The move will result in substantial annual cost savings as well as reduce listing complexity. As a Swedish company, a greater visibility in Scandinavia will also expose us to an increased number of shareholders."
XCounter has appointed Mangold Fondkommission as Certified Adviser.
About First North
First North is regulated as a multilateral trading facility, operated by the different exchanges within NASDAQ OMX Nordic. It does not have the legal status as an EU-regulated market. Companies at First North are subject to the rules of First North and not the legal requirements for admission to trading on a regulated market. The risk in such an investment may be higher than on the main market.
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