Published on 12 Oct 2018
Dear Ridercam Shareholders,
As previously communicated the Swedish Ridercam team has been hard at work dealing with all administrative chores included in the application process to list on Nasdaq First North in Stockholm (NFN).
This week the share-for-share exchange process was finally concluded and the paperwork is now being submitted to the relevant Swedish authorities. Soon all shareholders in Ridercam Systems Ltd will receive the equal amount of shares in Ridercam AB which is the share that will list. Also this week the company was approved and connected to Euroclear which is another prerequisite for listing at NFN.
Still ongoing is the legal Due Diligence performed by our Swedish lawyers at DLA Piper and consolidating historical financials (with our friends at Grant Thornton) to be included in the master listing document – The BOLAGSBESKRIVNING (company description) – by which new and prospective shareholders will be introduced to Ridercam, its history and future possibilities.
And finally all material is being translated in to the digital world to be launched on the new and Investor Relations friendly homepage. If all goes according to plan our new page will be live next week. Stay tuned for more information.
Pending a final planning meeting this coming week we intend to announce our final target day to list.