Shares in measurement technology group Hexagon are trading today, May 21, on Nasdaq Stockholm ex-rights to shares in Octave Intelligence, which is being spun off to shareholders and listed as an independent company. The terms are 1:10, meaning ten shares in Hexagon entitle the holder to one share in Octave.
Octave shares will begin trading on the Nasdaq in New York today, May 21, on a 'when-issued' basis, followed by regular-way trading on May 28.
Octave's Swedish Depository Receipts (SDRs) will commence trading on Nasdaq Stockholm on May 25.
Hexagon AB specializes in the design, manufacture and marketing of equipment and information systems for geospatial and industrial applications. The group's activity is organized around 2 product families
- metrology systems : stationary and portable measuring equipment, coordinate measuring machines, laser plotters and scanners, etc. The group also offers computer-aided design, manufacturing and engineering software ;
- geospatial solutions : sensors, laser scanners, GPS systems, motorized air vehicles, mobile mapping systems, satellite geolocation systems, etc. The products are intended especially for the sectors of inspection, construction and infrastructure, natural resources, and public security.
Net sales are distributed geographically as follows: Europe/Middle East/Africa (35.4%), Americas (39%) and Asia (25.6%).
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Investor
Investor
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Global
Global
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Quality
Quality
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ESG MSCI
ESG MSCI
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