Publicerad 2016-08-17

Distribution and IPO of Alcadon on Nasdaq First North

  • The board of DistIT AB (public) (”DistIT”) has decided to propose an Extraordinary General Meeting of DistIT on September 5, 2016 to take the decision to distribute the shares in the subsidiary Alcadon Group AB (public) (”Alcadon” or the ”Company”) to the shareholders in DistIT.

    • Alcadon has applied for the shares in the Company to be traded on Nasdaq First North in connection with the distribution.

    “The acquisition of Alcadon was a good business decision for DistIT” says Siamak Alian, CEO of DistIT. Since autumn 2012, the company has seen very good development. I am convinced that an IPO of Alcadon will give the company the ideal conditions and continued good development. Ultimately, we do this is to create shareholder value for DistIT’s shareholders, in the same way as the division of IAR and DistIT in the spring of 2011 thus far has been a very successful structure for both companies as well as its shareholders.”