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SIMRIS now trading on Nasdaq First North

April 26, 2016
AlgaeIndustryMagazine.com

Simris Alg AB’s shares have begun trading on Nasdaq First North in Stockholm, Sweden.

Simris Alg AB’s shares have begun trading on Nasdaq First North in Stockholm, Sweden.

Nasdaq has announced that the trading in Simris Alg AB’s shares (short name: SIMRIS B) has commenced on Nasdaq First North in Stockholm, Sweden. Simris Alg belongs to the consumer goods sector and is the 18th company to be admitted to trading on Nasdaq’s Nordic markets in 2016.

Simris Alg is a Swedish company developing natural food products from farmed algae. The company’s mission is to empower healthy and environmentally friendly lifestyles by delivering superior algae-based products. Its main product category, Simris Algae Omega-3, is an exclusive line of omega-3 nutritional supplements that serves as a plant-based and premium alternative to fish oil.

Founded in 2011, Simris Alg has received a number of awards within the fields of engineering, entrepreneurship and environmental sustainability. “This is a great day for us at Simris, having grown the company from scratch to a fully industrial operation and a truly genuine brand,” said Fredrika Gullfot, CEO of Simris Alg. “We are absolutely thrilled with the great response we have received during our IPO, and are super excited now about ramping up our international sales efforts.”

“We welcome Simris Alg to Nasdaq First North,” said Adam Kostyál, senior vice president and head of European listings at Nasdaq. “Simris Alg is yet another example of an entrepreneurial and innovative company joining our Nordic growth platform, and we look forward to supporting them in all stages of their growth.”

Nasdaq First North is regulated as a multilateral trading facility, operated by the different exchanges within Nasdaq Nordic (Nasdaq First North Denmark is regulated as an alternative marketplace). It does not have the legal status as an EU-regulated market. Companies at Nasdaq First North are subject to the rules of Nasdaq First North and not the legal requirements for admission to trading on a regulated market.

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