Sweden – Nasdaq Nordic Updates Takeover Rules

Sweden – Nasdaq Nordic Updates Takeover Rules

On 6 December 2023 Nasdaq Nordic updated rules for Stockholm, Growth Market.

  • Takeover rules for Nasdaq Stockholm and Nasdaq First North Growth Market Sweden.

Takeover Rules

  • Updated takeover rules for regulated markets and the takeover rules for certain trading platforms, administered by Swedish Stock Market Self-Regulation Committee.
  • The takeover rules for regulated markets and the takeover rules for certain trading platforms are applicable on public takeover offers regarding shares admitted to trading on Nasdaq Stockholm and Nasdaq First North Growth Market Sweden, respectively.
  • Changes primarily a codification of The Swedish Securities Council’s rulings in matters relating to public takeover offers; revised section VI of the takeover rules for regulated markets, as highest possible penalty fee for violating the rules has been increased.

Effectiveness

  • The updated rules will enter into force as of 1 January 2024.