Net Entertainment shares move from small cap to med cap
29th December, 2009
Net Entertainment AB, a Swedish online gambling software developer and supplier have announced that they plan to transfer their shares from what’s called the ‘Small Cap’ list to the ‘Med Cap’ List next year on the Nasdaq OMX Stockholm.
With shares introduced on the Nasdaq OMX Stockholm in January 13th of this year, the shares are due to be transferred on January 4th 2010, next year!
Johan Ohman, CEO for Net Entertainment, commented saying “Net Entertainment has continued to report strong growth and profitability during the year… The move to Mid Cap is a milestone in the company's development.”
The Mid Cap bracket is reserved for companies with a minimum market cap of 150 Million Euros, but less than 1 Billion Euros, Net Entertainments shares have grown by 100% since it was first listed in January of this year.
Senior Vice President for Nasdaq OMX, Jenny Rosberg commented saying “Thanks to Net Entertainment's strong development this year we are ready to move its shares to the Mid Cap list,”
By Michael
