Nasdaq OMX Stockholm has decided to move Net Entertainment (NET B) from the
Small Cap list to Mid Cap. The change is effective January 4, 2010.
Net Entertainment NE AB was introduced on Nasdaq OMX Stockholm's Small Cap list
as recently as January 13, 2009. Less than one year later the share is now
moved to the Mid Cap list for companies with a market cap between Euro 150
million and 1 billion. The reason is the favorable price development for the
Net Entertainment share. The price has increased by 100 percent since the
trading was initiated on Nasdaq OMX Stockholm.
”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”; says Johan Öhman, CEO for Net Entertainment in a comment to the
decision.
”Thanks to Net Entertainment's strong development this year we are ready to
move the share to the Mid Cap list. It is a pleasure to see a company achieve
such strong development during a short period”, says Jenny Rosberg, Senior Vice
President Nasdaq OMX in a comment.
For more information please contact;
Johan Öhman, CEO Net Entertainment; Phone +46 8 57 85 45 00
johan.ohman@netent.com
Bertil Jungmar, CFO Net Entertainment; Phone +46 8 57 85 45 00
bertil.jungmar@netent.com
Net Entertainment is a premium supplier of digitally distributed gaming systems
used by some of the world's most successful online gaming operators. The core
product, CasinoModule™, is a complete gaming platform comprising high quality
games and a powerful administration tool. Operators are provided a customized
solution that is easily integrated ensuring short time to market and a cost
efficient operation. Net Entertainment is listed on NASDAQ OMX Stockholm
(NET-B). More information about Net Entertainment is available on
www.netent.com.
