Glocalnet Prepares for Its Stock Market Flotation; Glocalnet's Share Finds a "New" Home.Business Editors STOCKHOLM--(BUSINESS WIRE)--March 3, 2000 Glocalnet has reached an agreement with pan-Nordic bank MNB MNB Magyar Nemzeti Bank (National Bank of Hungary) MNB Multi-National Brigade (NATO) MNB Mint Condition, No Box MNB Metropolitan National Bank MNB Michigan National Bank MNB Merchants' National Bank Maizels/Nordbanken to quote Glocalnet's share on OM Stockholm Exchange's unlisted securities market The Unlisted Securities Market (USM), which ran from 1980 to 1996, was a stock exchange set up by the London Stock Exchange. It served a market for shares of companies too small to qualify for a full listing; or which did not have the full three year trading history required by the Nya Marknaden (The New Market). This market is operated by OM Stockholm Exchange and forms part of the Exchange's regular trading system The introduction to this article provides insufficient context for those unfamiliar with the subject matter. Please help [ improve the introduction] to meet Wikipedia's layout standards. You can discuss the issue on the talk page. , but is not subject to Exchange monitoring. Instead, responsibility for monitoring the companies' communications, and trading itself, lies with sponsors, themselves Exchange members. MNB Maizels/Nordbanken, which is Glocalnet's corporate adviser, will act as sponsor of the Glocalnet share while on this "new" market. Glocalnet shares will be traded from March 8 onwards on·ward adj. Moving or tending forward. adv. also on·wards In a direction or toward a position that is ahead in space or time; forward. Adv. 1. (on this market, securities are sorted by sponsor). Unofficial trading via Swedish Aragon will simultaneously cease. Glocalnet's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Stefan Krook, said "our ambition has consistently been to make information about Glocalnet easily accessible to our small shareholders, to share savers and the general public. Ahead of our O-list flotation flotation or froth flotation Most widely used process for extracting many minerals from their ores. The method separates and concentrates ores by altering their surfaces so that they are either repelled or attracted by water. , we want to make participating in trading and tracking our share price even easier for these groups. Hence our decision to move unofficial trading to this new market." Glocalnet AB, quoted on Aragon Fondkommission's Reuters page, is a next-generation telco. Glocalnet markets its services in close collaboration with local market partners including Birka Energi and Bredbandsbolaget. Glocalnet is headquartered in Stockholm, Sweden. Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/03/03/20000303BIT00380/bit0001.doc http://www.bit.se/bitonline/2000/03/03/20000303BIT00380/bit0002.pdf |
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