ROBIT PLC COMPANY RELEASE 15 OCTOBER 2015 AT 3.00 P.M.
ROBIT PLC SELECTED FOR NEW NASDAQ FIRST NORTH 25 INDEX
Robit Plc has been selected for the new First North 25, an index set up by NASDAQ for the 25 largest companies in the Nordic countries on the NASDAQ First North market place, measured by market capitalisation and share trading activity. Three other Finnish companies have been included in the index with Robit Plc.
The objective of the new index is to make NASDAQ First North an even better market place for growth companies and arouse greater interest in it especially among international investors. It also aims to increase awareness of First North companies and the entire First North market.
"The First North 25 companies from Finland are an impressive demonstration that the country has good-sized, rapidly growing companies. I believe that these four companies will attract great attention and visibility from being on this Nordic index," says Lauri Rosendahl, President, NASDAQ OMX Helsinki Ltd.
First North 25 companies are selected through a two-step process. The first is to select the 30 largest companies by market capitalisation. The 25 companies in this pool with the highest share activity, measured by the aggregate share trading volume over a six month period, are selected for the index. NASDAQ will review the First North 25 portfolio at six month intervals, and the new portfolios will become effective on the first trading days in January and July.
NASDAQ is also launching four new country First North indexes that include the shares of all the companies traded on each First North market place, including Robit Plc.
ROBIT PLC
Jussi Rautiainen, CEO
Harri Sjöholm, Chairman
Further information:
Robit Plc
Jussi Rautiainen, CEO
+358 40 741 0369
Harri Sjöholm, Chairman
+358 400 622 092
Certified Advisor
Skandinaviska Enskilda Banken AB (publ) Helsinki Branch
Tel. +358 9 616 28 101
Robit develops, manufactures, supplies and services drilling consumables for applications in tunnelling, geothermal heating and cooling, construction, and mining industries. The Company's products can be divided into top hammer drilling consumables used for rock drilling and DTH (down-the-hole) drilling consumables used for ground drilling. The Company has sales companies in Finland, South Korea, the United States, Russia, South Africa and Peru as well as a sales office in China as well as distribution network with approximately 160 distributors. Robit's products are sold to over 100 countries. The Company has production in Finland and South Korea.
Distribution:
NASDAQ OMX Helsinki
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