Nordic Waterproofing’s current structure, with a Danish parent company listed on Nasdaq Stockholm, is rather unusual and causes time-consuming and costly corporate governance, compliance, and fiscal administration processes, which would be simplified if the parent company and listed entity was domiciled in Sweden. Furthermore, the central group functions are located in Helsingborg and a vast majority of the company’s shareholders are resident in Sweden.
On the basis hereof, the board of directors has decided to initiate the work to examine the possibilities of re-domiciling the parent company and listed entity to Sweden, and which model for implementation that is most appropriate. Following the re-domiciliation, the Nordic Waterproofing group will continue to be traded on Nasdaq Stockholm, as it is today. No final decision on the implementation of the re-domiciliation of the parent company has been made and the implementation is subject to, inter alia, that no material negative tax consequences should occur and approval from the shareholders.
The intention is to carry out the re-domiciliation of the parent company during 2020.
This information is information that Nordic Waterproofing Holding A/S is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out below, at 10 December 2019, 6:30 p.m. CET.