Ulf Cederin, Managing Director of NGM Holding - We want to create a platform for unofficially listed companies, where such companies can mature in a sound environment and eventually qualify for an official listing. Education of the companies and an increased focus from venture capitalists are key factors.
Nordic OTC will be presented as an additional list in the trading system Univits Tellus that also caters for the trading of NGM's authorised market, NGM Equity. The institutes that today organises trading of unofficially listed companies will conduct the trading in the same manner but with the advantage of the increased efficiency and transparency of the established and fully integrated trading system of NGM. Market data will be distributed through established channels via national and international information distribution vendors, Reuters, SIX, Ecovision etc.
Premiere launch of Nordic OTC will include companies unofficially listed with Thenberg & Kinde Fondkommission AB and Fischer Partners Fondkommission AB. All members of NGM will be able to view the price information in the trading system. NGM Holding emphasises that the operation of Nordic OTC is outside the authorised exchange operation (authorised by the Swedish Financial Supervisory Authority, "Finansinspektionen",) conducted in the subsidiary Nordic Growth Market.
Website of Nordic OTC as of 2nd of December 2002: www.ngmnordicotc.com
