The board of Viking Supply Ships AB ("Viking Supply Ships" or the "Company") has resolved to initiate a process to have the Company's shares listed on Nasdaq First North Growth Market and delisted from Nasdaq Stockholm, which is expected to be carried out during the fourth quarter of 2022.
The board of directors believes that Nasdaq First North Growth Market would be a more suitable trading venue for the Company considering the Company's strategy and concentrated shareholder base, and that a listing of the Company's shares on Nasdaq First North Growth Market would entail lower costs for compliance with ongoing obligations due to lower regulatory requirements, which would further support the Company’s development and profitability.
Further information about the listing change to Nasdaq First North Growth Market is expected to be provided at the latest in connection with a potential resolution by the Company's board to submit a formal application to delist the Company's shares from Nasdaq Stockholm during the fourth quarter of 2022.