Infrarakentaja Nyabi’s transfer from Finland to Sweden has now been completed. The company’s new headquarters is in Luleå, Sweden. Following the removal of Nyab Oyj from the Finnish trade register, the company plans to establish a branch in Finland, which is expected to happen tomorrow. Nyab will start trading on the First North Premier market of the Stockholm Stock Exchange tomorrow, moving from the Helsinki Stock Exchange’s First North list.
Previously, the company communicated officially in Finnish and English, but moving forward, regulated communication will only take place in Swedish and English. As of the end of May, Nyabi had 3,855 Finnish owners. Finnish owners of Nyab Oyj will receive linked securities through Euroclear Finland, representing Nyabi’s new Swedish shares listed in the Swedish Euroclear system. This conversion is one-to-one and does not require any action from owners who do not intend to sell their shares. However, trading in linked securities is not possible.
When Finnish owners want to sell Nyabi’s shares on the Stockholm Stock Exchange in the future, they must exchange their Finnish link securities for Nyabi’s Swedish shares. Certain custodians and account managers have arranged for the exchange of link securities into Swedish shares free of charge between June 28 and September 30, 2024. Owners are encouraged to take advantage of this opportunity to avoid possible administrative costs in the future.
Nyab has made arrangements with custodians and account managers such as Aktia Bank, Danske Bank, Evli, Nordnet, and OP Säilytys Oy for the exchange of link securities into Swedish shares free of charge. Owners should contact their stockbroker for the conversion process. The company has also agreed with OP Säilytys Oy to exchange link securities held by custodian or account manager holders into Swedish shares free of charge without any action required from the holders.