Nasdaq Helsinki welcomes Betolar to Nasdaq First North Growth Market Finland
Dec 9, 2021 – Nasdaq (Nasdaq: NDAQ) announces that trading in Betolar Plc shares (short name: BETOLAR) commence today on Nasdaq First North Growth Market Finland. The company belongs to Industrials sector. Betolar is the 195th company to be admitted to trading on Nasdaq’s Nordic markets* in 2021, and it represents the 28th listing on Nasdaq Helsinki in 2021.
Betolar Plc is a Finnish materials technology company that offers the production of sustainable and low-carbon concrete with the Geoprime® solution. The solution converts several previously unused, massive industrial by- products into a cement substitute. Betolar's artificial intelligence innovation can significantly reduce CO2 emissions compared to traditional cement-based concrete production by optimizing existing manufacturing processes. Betolar’s mission is to enable the green transformation of various industries globally, especially in the construction, process and energy industries by providing solutions to utilise its unique materials technology. For more information www.betolar.com
Tero Ojanperä, Chairman of the Board of Betolar, says: “The company has so far been developed with a strong ownership with the aim of creating a significant position for Betolar in the global cement market. The share issue expands our shareholder base and provides a significant capital injection to accelerate Betolar's internationalization. In our view, the oversubscription of the share issue signals the market's strong belief that effective market-based solutions to the climate crisis can be found. We thank all the retail and institutional investors who participated in the share issue for their trust."
Matti Löppönen, CEO of Betolar, comments: “The outstandingly successful share issue provides Betolar’s executive management with a supportive mandate to start promoting the green transition in various industries globally. At the same time, it also obliges us to steer the company in line with the strategy, in which trust is constantly strengthening among shareholders and customers, as well as society decision-makers. The Betolar team is strongly committed to taking the growth company to the next level.”
“We are proud to welcome Betolar to Nasdaq First North Growth Market,”says Henrik Husman, President of Nasdaq Helsinki. “Betolar is an innovative materials technology company the products of which can help to fight the climate change. We look forward to a long-standing partnership with the company and its shareholders.”
Betolar has appointed Skandinaviska Enskilda Banken AB, Helsinki Branch, as its Certified Adviser.
*Main markets and Nasdaq First North Growth Market at Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm
About Nasdaq First North Growth Market
Nasdaq First North Growth Market is a registered SME growth market, as defined by the Directive on Markets in Financial Instruments (EU 2014/65). It does not have the legal status as an EU-regulated market. Companies at Nasdaq First North are subject to the rules of Nasdaq First North Growth Market and not the legal requirements for admission to trading on a regulated market, such as the Nasdaq Nordic Main Market. The risk in such an investment may be higher than on the main market.
The Premier segment within Nasdaq First North Growth Market is designed to further assist companies in raising investor visibility and to prepare them for a Main Market listing. The Premier segment targets companies that make a conscious decision to comply with higher disclosure and accounting standards than imposed under the Nasdaq First North Growth Market rules.
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