Qliro AB (“Qliro” or “the Company”) announces that Nasdaq Stockholm has assessed that Qliro meets current listing requirements. Nasdaq Stockholm will approve the Company's application to list the Company's shares on Nasdaq Stockholm's main list, provided that certain customary conditions are met, including that a prospectus is approved by the Swedish Financial Supervisory Authority ("SFSA").
The Board of Directors of Qliro Group AB has previously proposed that an Extraordinary General Meeting on Monday, September 28, 2020, resolves to distribute all shares in Qliro to Qliro Group AB's shareholders. Provided that the AGM resolves as above, a prospectus regarding admission to trading of Qliro's shares is expected to be approved by the SFSA and published on Qliro's website, www.qliro.com, on September 28, 2020. If the AGM decides to distribute the shares in Qliro, the first day for trading in Qliro's shares on Nasdaq Stockholm's main list to be on Friday, October 2, 2020.
The Board and management of Qliro consider that the listing of the Company's shares is an important step in Qliro's development and that a separate listing of the Company's shares will further increase awareness of the Company's operations, strengthen Qliro's brand among investors, merchants and consumers and increase the ability to attract and retain qualified staff and key employees. The listing on Nasdaq Stockholm will also give Qliro its own access to the Swedish and international capital markets, which is expected to support Qliro's continued growth and development. For more information on the proposed dividend of Qliro see https://www.qlirogroup.com/en/governance/corporate-governance/general-meetings/egm-2020-sep/.