Copenhagen, December 19, 2008
Exchange Notice
Companies included in MidCap+ and SmallCap+ until July 1. 2009
Copenhagen, December 19, 2008 — the NASDAQ OMX Nordic reports that due to the
current extraordinary stock market conditions, the January 2009 adjustment of
the market capitalization segmentation on NASDAQ OMX Nordic has been cancelled.
As a result, companies listed on NASDAQ OMX Nordic exchanges will under the
first half of 2009 remain under their current heading of Large, Mid or Small
Cap. The decision is made in accordance with NASDAQ OMX Nordic's segmentation
classification practices.
The recent turmoil on global stock markets has significantly impacted market
value of listed companies, including those listed on NASDAQ OMX Nordic
exchanges. As a result, based on the December 2008 revision, an exceptionally
high number of companies would move between the cap-segments. To support market
stability and efficiency, NASDAQ OMX Nordic has thus decided to cancel the
semi-annual adjustment scheduled for January 2009.
Therefore, the selection to the plus segments will be based on the MidCap+
complying to the rulebook section 2.2, paragraph 4, 5, 6 and 7. SmallCap+
companies must comply to the rulebook section 2.4, paragraph 4, 5 and 6.
The selection brings the following changes:
New Company in SmallCap+
Erria
Companies leaving MidCap+ or SmallCap+
Roskilde Bank
U.I.E.
Olicom
EDB Gruppen
Ringkjøbing Bank
Curalogic A/S
Forstædernes Bank
Hedegaard
As of January 2, 2009 the MidCap+ and the SmallCap+ segments on NASDAQ OMX have
the following constituents:
MidCap+
ALK-Abelló
Alm. Brand
Amagerbanken
Atlantic Petroleum
Auriga Industries B
Bavarian Nordic
Capinordic
DLH B
Eik Banki
Fionia Bank
Føroya Banki
Greentech Energy Systems
GrønlandsBANKEN
IC Companys
Jeudan
LifeCycle Pharma
Monberg & Thorsen B
NeuroSearch
Ringkjøbing Landbobank
Royal UNIBREW
Satair
Schouw & Co.
SimCorp
Solar B
Sparbank
Spar Nord Bank
Thrane & Thrane
Vestjysk Bank
Østasiatiske Kompagni
SmallCap+
Ambu B
BoConcept Holding B
Brdr.Hartmann B
Columbus IT Partner
Dantherm
Erria
Exiqon
First Farms Glunz & Jensen B
Harboes Bryggeri B.
Højgaard Holding B.
Maconomy
Max Bank
Netop Solutions
Pharmexa
Sanistål B
Skjern Bank
Skælskør Bank
Small Cap Danmark
SP Group
TopoTarget
Topsil Semiconductor Materials
The concept
A number of the small and medium-sized companies on NASDAQ OMX make a special
effort to increase liquidity in their shares. They communicate more frequently
and more directly with the financial market, the investors, the employees and
other stakeholders about their activities and financial position than required
by the rules of NASDAQ OMX.
The plus-segments are characterised by:
• High liquidity ensures frequent and narrow quotes in the share. Investors may
therefore more frequently trade a share with a small difference between the bid
and ask prices. This reduces the investor's total cost when trading shares.
• Frequent information ensures that the investors are kept abreast of the
company's affairs. This reduces uncertainty and thereby the investors' risk.
• Good investor relations ensure that shareholders are taken seriously and are
serviced appropriately.
OMX Nordic Exchange Copenhagen established the MidCap+ and SmallCap+ segments
in April 2003, and the companies must qualify for the segments by meeting a
number of criteria.
The criteria
Companies in the MidCap+ and SmallCap+ segments are elected twice a year in
June and December.
MidCap+ and SmallCap+ companies must meet criteria that go beyond what is
generally required of companies listed on NASDAQ OMX.
MidCap+
SmallCap+
Marketcap (Average May or November) >EUR 150 mio.
<EUR 1 mia. <EUR 150 mio.
Average daily turnover
At least DKK 750.000 At least DKK 150,000
Average spread
Not more than 2%
Not more than 4%
Order coverage
At least 90% At least 90%
Publication of quarterly reports
Requirement
Requirement
Publication of company announcements in English
Requirement
-
IR presentations on website
At least 2 per year
At least 1 per year
Content requirements to the company's website:
• All company announcements from the past three years
• An e-mail address to the company's Investor Relations officer
• A description of the company's Investor Relations policy
• Price and turnover information about the company's share or a hyperlink to
the Exchange's website
Requirement
Requirement
Easier terms apply to companies that are already in the segments.
For further information please contact:
Toke Reedtz or Peter Legind-Hansen, Global Corporate Client Group + 45 33 93 33
66
