Scandinavian Astor Group shares to be dual listed on Boerse Stuttgart as of 12 December 2024

“We look forward to being officially welcomed to Boerse Stuttgart at the listing ceremony on 12 December. This will be a milestone in Astor Group’s journey to establish ourselves as a leading player in the European market and an opportunity to celebrate our step towards international expansion together with our investors and partners”, says Mattias Hjorth CEO of Astor Group.

The dual listing of Astor Group’s shares on Boerse Stuttgart is part of the Nordic Growth Market NGM AB (‘NGM’) Reach programme. NGM Reach leverages the primary listing in Sweden and makes shares primarily listed on NGM available to German and European investors through a dual listing on the ‘Nordic Growth Market’ segment of Boerse Stuttgart. Boerse Stuttgart Group is the sixth largest exchange group in Europe with more than 2 million listed securities.

The dual listing is expected to attract a broader and more diversified investor base, which could lead to increased liquidity and new growth and co-operation opportunities. It also expands access to capital and improves international exposure. By being listed on both markets, Astor Group strengthens its position in Europe and opens up for strategic partnerships in the defence sector.

To facilitate a qualitative price structure in trading on Boerse Stuttgart, CFO and major shareholder Wictor Billström has provided a share loan to EUWAX AG, which will act as liquidity provider for Astor Group’s shares. EUWAX AG is a subsidiary of Boerse Stuttgart GmbH. The dual listing does not entail any direct costs for Astor Group other than possible marketing costs.

In order to have a dual listing on the Stuttgart Stock Exchange, English is also required as a language of communication. The Company is therefore switching to bilingual communication as of today’s date.

Scandinavian Astor Group – Strength and security in all elements 

For additional information please contact: 
Scandinavian Astor Group CEO Mattias Hjorth
E-mail: ir@astorgroup.se

Please note that this is an English translation of a press release written in Swedish by Scandinavian Astor Group AB (publ), in the event of any inaccuracies, the Swedish version applies.

About Scandinavian Astor Group AB (publ)
Scandinavian Astor Group is active in the defence industry. The company is a supplier of products, services and related technical solutions in military defence and civil security as well as products for industries. The Group is divided into two business areas, Astor Industry and Astor Tech, where the product portfolios consist of, for example, electromagnetic warfare systems and military aviation equipment, as well as metal and composite components. Astor Group is a public company with shares traded under the ticker ASTOR on NGM Nordic SME and has its operations in Sweden. Shark Communication AB, tel. +46 73-434 45 15, e-mail: info@sharkcom.se is the Company’s Mentor. For more information about Astor Group’s business, visit: www.astorgroup.se