NASDAQ OMX (NASDAQ: NDAQ) announces that the trading in the preference shares in Ferronordic Machines AB (FNMA PREF) commenced today on First North at NASDAQ OMX Stockholm. Ferronordic Machines belongs to the Consumer Goods sector and is the 16th company to be admitted to trading on First North in 2013. Ferronordic Machines' preference shares are traded in the First North Premier segment where companies commit to follow the disclosure rules of NASDAQ OMX Nordic’s main markets.
Ferronordic Machines began its operations in June 2010, and is the Authorized Dealer of Volvo Construction Equipment in Russia. The company has expanded across Russia and is today established in all seven federal districts. In addition to distributing and providing aftermarket support to Volvo Construction Equipment machines, the company has also been appointed Aftermarket Dealer for Volvo Trucks as well as Dealer for Volvo Penta in certain parts of Russia.
“We are excited to welcome Ferronordic Machines to First North Premier,” said Adam Kostyal, Senior Vice President at NASDAQ OMX. “Ferronordic Machines makes an exciting addition to our Nordic and international members looking for new investment opportunities.”
“We are very pleased with the strong demand in our preference share,” said Lars Corneliusson, CEO of Ferronordic Machines. “This validates our performance in Russia and signals strong confidence in the future prospects of Ferronordic Machines. I am also pleased to welcome a large number of new shareholders.”
Ferronordic Machines has appointed Avanza Bank as Certified Adviser.