On May 12, 2015, Mavshack AB published a press release with information that the company has aborted its previously announced share issue due to the underwriters not fulfilling their commitments, and that the company therefore presents a package of financial measures. According to the same press release, the company’s working capital is currently not sufficient for the ongoing operations.
The current rules of First North state that a listed company can be given observation status if circumstance exist that results in material adverse uncertainty in respect of the company’s financial position.
With reference to what is stated above, NASDAQ OMX Stockholm AB has decided that the shares in Mavshack AB (MAV, ISIN code SE0005992419, order book ID 58547) will be given observation status.
For further information about this exchange notice please contact Niklas Ramstedt or Karin Ydén telephone + 46 8 405 60 00.