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8.20 AM CEST / 15-Sep-2017 / Nordic Growth Market NGM

Press release, September 15, 2017

Nordic Growth Market intends to buy a significant ownership in Privanet Group Oyj

Nordic Growth Market NGM AB and Privanet Group Oyj have signed a letter of intent which would make NGM a significant owner of Privanet Group.

Provided the extraordinary general meeting accepts the proposal, and subject to the approval of the Swedish and Finnish FSA, the directed share issue will be conducted in two rounds in which NGM’s ownership in Privanet Group will immediately rise to 5%, and after certain commercial terms have been met, at a later point in time, rise to 10%. If realized, the first share issue will be carried out in October 2017.

“Widening our ownership base internationally is part of Privanet Group’s global strategy and it supports the company’s expansion into the Nordic countries and Europe. If realized, the share issue will strengthen Privanet’s financial position, which in turn will open up opportunities to invest in domestic growth companies and seek a standing for our business also in Europe. We want to export our expertise and, with our partnership with NGM, become an international player in the finance sector”, says Chairman of the Board, Roy Harju from Privanet Group.

”If realized, the ownership in Privanet is a significant strategic investment for NGM. Privanet’s work in issuance and fund raising for unlisted companies and as a secondary marketplace has been open-minded and successful. Our combined services will create a unique offer to Finnish companies at different stages of their growth. Market development requires competition and the Finnish market needs a client driven stock exchange that will take on a larger responsibility in supporting companys’ growth. Our objective is to list around ten companies a year in Finland”, says NGM’s Deputy CEO Tommy Fransson.

For more information, please contact:

Roy Harju Tommy Fransson
Chairman of the Board       Deputy CEO
Privanet Group CEO Nordic Growth Market NGM AB
+358 (0)50 338 0341 +46 (0) 8 566 390 49
 roy.harju@privanet.fi tommy.fransson@ngm.se


About Nordic Growth Market NGM AB
NGM is an authorized stock exchange with operations in Sweden, Norway, Denmark and Finland. The exchange was founded in 1984 and is today a wholly-owned subsidiary of Boerse Stuttgart, the leading retail exchange in Germany. NGM offers a complete marketplace for exchange traded products and provides a complete platform for companies wishing to list shares. For more information about NGM, visit www.ngm.se Follow us on Linkedin and Twitter.

Nordic Growth Market NGM AB – SE- 111 57 Stockholm, Mäster Samuelsgatan 42.

Privanet Group in short
Privanet Group Oyj is a Finnish investment services group that consist of subsidiaries Privanet Capital Markets Oy, that focuses on capital market transactions and Privanet Securities Oy, which operates Finland’s only marketplace for trading securities of unlisted companies. Privanet Group’s objective is to provide a large variety of services aimed at bringing together investors and those in need of funding. Privanet Group offers services to its 13 500 customers in Finland and operated a network of 11 local offices in cities around the country. Privanet Group’s customers include private individuals and entities as well as institutional investors.