Tessin Nordic

Tessin Nordic Holding AB (publ) and Effnetplattformen Holding AB (publ) have been approved for listing on Nasdaq First North Growth Market

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Stockholm, Sweden – Tessin Nordic AB (publ) is announcing that Tessin Nordic Holding AB (publ), under its current name Effnetplattformen AB (publ), and Effnetplattformen Holding AB (publ) have applied for and been granted conditional approval for listing on Nasdaq First North Growth Market.

The approval from Nasdaq Stockholm is conditional upon the companies disclosing a company description and meeting the free float requirement, and that no new significant events occur in the company that could change the assessment by Nasdaq Stockholm.

“The journey began back in 2014 when we founded Tessin. The constant objective has always been for Tessin, as the leading and largest provider of alternative financing to the real estate sector, to benefit from access to the public capital market to accelerate our growth”, says Jonas Björkman, CEO and co-founder of Tessin.

“Supported by expert advisers and outstanding collaboration with the representatives of Effnetplattformen, the listing process has been painless and efficient. Tessin is being listed and it looks like trading will begin at the end of May.”

Tessin has reinforced ownership in the company during the listing process by welcoming several prominent names to the list of shareholders, while NFT Ventures has demonstrated its confidence in Tessin by increasing its stake.

As planned, the final resolution to acquire Tessin Nordic AB (publ) and distribute the shares in Effnetplattformen Holding AB (publ) to current shareholders in Effnetplattformen will be confirmed by the annual general meeting of shareholders in Effnetplattformen AB (publ) on 21 May 2021. For further information, please see the notice of the annual general meeting published on 20 April 2021.

Key dates

  • 21 May 2021: Preliminary last day of trading in Effnetplattformen AB (publ) with the right to receive shares in Effnetplattformen Holding AB (publ).
  • 24 May 2021: Preliminary first day of trading with no right to shares in Effnetplattformen Holding AB (publ) and first day of trading in Tessin Nordic Holding AB (publ).
  • 28 May 2021: Preliminary first day of trading in shares in Effnetplattformen Holding AB (publ).

Each company intends to disclose company descriptions in ample time before the annual general meeting of shareholders in Effnetplattformen on 21 May 2021.

Stockholm Corporate Finance has acted as financial adviser to Tessin and the law firm of Advokatfirman Delphi has acted as legal adviser.

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About Tessin Nordic

Tessin Nordic
Tessin Nordic
Olof Palmes gata 31
111 22 Stockholm

08-410 560 70https://tessin.com/sv/

Tessin was founded in 2014 and is now a leading Nordic digital investment platform in the property financing segment, in terms of brokered capital. At the end of 2020, Tessin had almost 55,000 registered members on the platform. The business is based on a proprietary digital platform that links property developers seeking loan financing with investors seeking exposure to a high-return asset class with balanced risk and backed by collateral, primarily property mortgages.

At present, Tessin primarily offers construction and bridge loans to small and medium-sized property companies and property developers. The loans are funded through the Tessin platform by a syndicate of private, professional and institutional investors who are given the opportunity to invest in secured real estate loans with attractive yields. Tessin currently operates in Sweden and Finland. Since its founding, the company has brokered about SEK 3.0 billion in financing to more than 270 different real estate projects. This has contributed to making the building of around 5,000 residential units, as well as numerous commercial spaces and public buildings, a reality. Since the beginning, the equivalent of around SEK 1.9 billion has been repaid to platform members and the average annual return has been 8-9 percent.

Visit our website to learn more about Tessin Nordic AB: www.tessin.com

Financial information about Tessin is available in the 2020 year-end report: https://tessin.com

FNCA Sweden AB is the Certified Adviser to Tessin.
Tel: +46 (0) 8 528 00 399, email: info@fnca.se

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Latest releases from Tessin Nordic

Ilija Batljan and founders of Sinch invest in Tessin ahead of the imminent listing on NASDAQ First North7.4.2021 09:00:00 CEST | Press release

Stockholm, Sweden. Tessin Nordic AB (publ) is announcing that Ilija Batljan Invest AB and Cantaloupe AB (Sinch founders Björn Zethraeus, Kristian Männik, Robert Gerstmann and Henrik Sandell) have opted to invest in Tessin ahead of the imminent IPO. Ilija Batljan Invest will own about five percent and Cantaloupe will own about six percent. In conjunction, NFT Ventures will increase its current stake by about six percent to become Tessin’s largest shareholder, with an interest of about 28 percent. The seller is Stronghold Invest AB, which will be Tessin’s second-largest shareholder after the transactions, with an interest of about 11 percent.

Ilija Batljan och Sinch-grundare investerar i Tessin inför den kommande noteringen på NASDAQ First North7.4.2021 09:00:00 CEST | Pressmeddelande

Stockholm, Sverige – Tessin Nordic AB (publ.) – meddelar att Ilija Batljan Invest AB samt Cantaloupe AB (Sinch-grundarna Björn Zethraeus, Kristian Männik, Robert Gerstmann och Henrik Sandell) väljer att investera i Tessin inför den kommande noteringen. Ilija Batljan Invest kommer att äga ca fem procent och Cantloupe kommer att äga ca sex procent. Samtidigt stärker NFT Ventures sitt nuvarande ägande med ca sex procent och blir därmed Tessins största ägare med ca 28 procent. Säljare är Stronghold Invest AB som efter transaktionerna blir Tessins näst störste ägare med cirka 11 procent.

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