The technology group Sdiptech's application to delist its preferred shares has been approved by the stock exchange operator Nasdaq Stockholm. According to a stock exchange announcement, the last trading day for the preferred shares on Nasdaq Stockholm will be March 11.
The decision comes after the board resolved on the mandatory redemption of all preferred shares at a redemption price of 105 kronor per preferred share, plus a final approved quarterly dividend of 2 kronor per preferred share.
Sdiptech AB (publ) is a Sweden-based engineering company and provider of technical services and products for urban infrastructures, such as hospitals, traffic systems, water supply systems, and data centers. The Company divides its activities into two segments: Tailored Installations and Niched Products & Services. In the Tailored Installations segment the Company offers cooling installation services, wastewater treatment, solutions for electric automation, uninterruptible power supply solutions, roof maintenance and services within elevator industry, among others. The Company's Niched Products & Services include electrical power monitoring solutions, vibration monitoring services and measurement systems, water and district heating monitoring, decontamination services, radio infrastructure and traffic enforcement cameras, among others. The Company is active primarily in Northern Europe, with focus on Nordic countries and the United Kingdom.
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