Nyabi Expands its Reach: Moving from Finland to Sweden and Tapping into Europe’s Technology Sector

Infrarakentaja Nyabi’s move from Finland to Sweden has been completed. The company’s new headquarters is in Luleå, Sweden. As of today, Nyab Oyj has been removed from the Finnish trade register and plans to establish a branch in Finland, which is expected to happen tomorrow.

Moving forward, regulated communication will only take place in Swedish and English. Previously, the company communicated officially in Finnish and English. As of the end of May, Nyabi had 3,855 Finnish owners. Finnish owners of Nyab Oyj will receive linked securities through Euroclear Finland, representing Nyabi’s new Swedish shares listed in the Swedish Euroclear system. This conversion is one-to-one and does not require any action from owners who do not intend to sell their shares. However, trading in linked securities is not possible.

When Finnish owners want to sell Nyabi’s shares on the Stockholm Stock Exchange in the future, they must exchange their Finnish link securities for Nyabi’s Swedish shares. Certain custodians and account managers have arranged for the exchange of link securities into Swedish shares free of charge between June 28 and September 30, 2024. Owners are encouraged to take advantage of this opportunity to avoid possible administrative costs in the future.

Nyab has made arrangements with custodians and account managers such as Aktia Bank, Danske Bank, Evli, Nordnet, and OP Säilytys Oy for the exchange of link securities into Swedish shares free of charge. Owners should contact their stockbroker for the conversion process. The company has also agreed with OP Säilytys Oy to exchange link securities held by custodian or account manager holders into Swedish shares free of charge without any action required from the holders.

The transfer marks a significant milestone for Nyabi as it expands its business beyond its home market in Finland and enters Sweden’s growing technology sector. The company aims to leverage its expertise in cloud computing services to tap into new opportunities across Europe while maintaining strong ties with its existing customer base.

In conclusion, Infrarakentaja Nyabi’s move from Finland to Sweden marks an exciting chapter for this innovative tech firm that aims to expand its business beyond its home market while leveraging its expertise in cloud computing services. With support from key partners such as Aktia Bank, Danske Bank, Evli, Nordnet and OP Säilytys Oy