Mr Green given green light for Nasdaq Stockholm listing

Mr Green & Co AB is expected to commence trading on the Nasdaq Stockholm from the end of November after it was given the green light for its shares to be listed on the Swedish stock exchange.

The company said the listing of shares is a “logical and important step”for the operator’s development plans and implementation of its new business strategy, Mr Green 2.0.

It added the listing will give Mr Green “greater access”to the Swedish and international capital markets.

The approval is subject to customary conditions, including the approval and registration of a prospectus by the Swedish Financial Supervisory Authority.

Trading on Nasdaq Stockholm is expected to start on 30 November 2016, with its final day of trading on AktieTorget expected to be on the day before.

“Today, we have broader product offering, a new scalable business model and we focus on providing our customers with a unique personalised user experience,”Per Norman, CEO of Mr Green & Co AB, said.

“Mr Green is well positioned to continue the implementation of the new business strategy in order to achieve its targets to grow faster than the market with increased profitability and to become the leading player in sustainability and Green Gaming,”added Norman.

Mr Green recently posted a 14% rise in revenues during Q3, growth the operator attributed to a broader product range and stronger market position outside its core Nordic region.

Speaking previously with EGR, Norman said he was confident the business is heading in the right direction and is looking to build on the momentum gained in Q3.