Brief: Samesystem Says Delisting From Nasdaq First North Growth Market Denmark Is On EGM Agenda

SameSystem A/S

17/10/2023 15:31

Oct 17 (Reuters) - Samesystem A/S  SAMES.CO :
    * NOTICE FOR EXTRAORDINARY GENERAL MEETING FOR PROPOSED
DELISTING
FROM NASDAQ FIRST NORTH GROWTH MARKET DENMARK
    * SUPPLIES BACKGROUND FOR PROPOSED DELISTING FROM NASDAQ
FIRST
NORTH GROWTH MARKET DENMARK
    * HAS NOW, AFTER 10 QUARTERS WITH SIGNIFICANT LOSSES, FOR
FIRST
TIME, SECURED A POSITIVE EBITDA IN Q3 FY2022/23
    * IS READY FOR PROFITABLE GROWTH, CONSIDERING ALL OPTIONS,
INCLUDING CONTINUED ORGANIC GROWTH, ACQUISITIONS, MERGERS, EVEN
A SALE
    * A 77% DECLINE IN STOCK PRICE SINCE INITIAL LISTING AND
CONSISTENTLY LOW TRADING VOLUME ON NASDAQ  SUGGEST LIMITED
ADVANTAGES FOR MAINTAINING LISTING
    * BOARD'S ASSESSMENT SUGGESTS POTENTIAL ANNUAL SAVINGS OF
APPROXIMATELY DKK 2.5 MIO FROM DELISTING

Source text for Eikon:  ID:nWkr4Kp6Cb 
Further company coverage:  SAMES.CO 

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