NASDAQ OMX Nordic, part of NASDAQ OMX Group (NASDAQ:NDAQ) reports that the annual review of its market capitalization (market cap) segments has been done. The revision is based on average market cap value in November 2010. Together with indexes and sector classifications, the market cap segmentation is a tool to increase visibility for companies listed on the exchanges within NASDAQ OMX Nordic.
Effective January 3, 2011, the following companies will change segment. 17 companies change to a larger segment, while 28 companies change segment to a smaller segment.
Company | Present Segment | New Segment | Listing Venue |
Ambu A/S | Small Cap | Mid Cap | Copenhagen |
Basware Oyj | Small Cap | Mid Cap | Helsinki |
Bilia AB | Small Cap | Mid Cap | Stockholm |
Corem Property Group AB | Small Cap | Mid Cap | Stockholm |
Diamyd Medical AB | Small Cap | Mid Cap | Stockholm |
Fastighets AB Balder | Small Cap | Mid Cap | Stockholm |
Fenix Outdoor AB | Small Cap | Mid Cap | Stockholm |
Keskisuomalainen Oyj | Small Cap | Mid Cap | Helsinki |
Medivir AB | Small Cap | Mid Cap | Stockholm |
Nolato AB | Small Cap | Mid Cap | Stockholm |
PKC Group Oyj | Small Cap | Mid Cap | Helsinki |
Proffice AB | Small Cap | Mid Cap | Stockholm |
Royal UNIBREW A/S | Small Cap | Mid Cap | Copenhagen |
Sagax AB | Small Cap | Mid Cap | Stockholm |
Scanfil Oyj | Small Cap | Mid Cap | Helsinki |
Peab AB | Mid Cap | Large Cap | Stockholm |
Talvivaaran Kaivososakeyhtiö Oyj | Mid Cap | Large Cap | Helsinki |
Genmab A/S | Large Cap | Mid Cap | Copenhagen |
Lindab International AB | Large Cap | Mid Cap | Stockholm |
NKT Holding A/S | Large Cap | Mid Cap | Copenhagen |
Pöyry Oyj | Large Cap | Mid Cap | Helsinki |
TORM A/S | Large Cap | Mid Cap | Copenhagen |
Uponor Oyj | Large Cap | Mid Cap | Helsinki |
CapMan Oyj | Mid Cap | Small Cap | Helsinki |
Comptel Oyj | Mid Cap | Small Cap | Helsinki |
Formuepleje LimiTTellus A/S | Mid Cap | Small Cap | Copenhagen |
Glaston Oyj | Mid Cap | Small Cap | Helsinki |
Greentech Energy Systems A/S | Mid Cap | Small Cap | Copenhagen |
Grønlandsbanken A/S | Mid Cap | Small Cap | Copenhagen |
Hemtex AB | Mid Cap | Small Cap | Stockholm |
ITAB Shop Concept AB | Mid Cap | Small Cap | Stockholm |
Lån & Spar Bank A/S | Mid Cap | Small Cap | Copenhagen |
Mols-Linien A/S | Mid Cap | Small Cap | Copenhagen |
Monberg & Thorsen Holding A/S | Mid Cap | Small Cap | Copenhagen |
Nordjyske Bank | Mid Cap | Small Cap | Copenhagen |
Nørresundby Bank A/S | Mid Cap | Small Cap | Copenhagen |
PARKEN Sport & Entertainment | Mid Cap | Small Cap | Copenhagen |
Pohjois-Karjalan Kirjapaino Oyj | Mid Cap | Small Cap | Helsinki |
Rella Holding A/S | Mid Cap | Small Cap | Copenhagen |
SECTRA AB | Mid Cap | Small Cap | Stockholm |
Sjælsø Gruppen A/S | Mid Cap | Small Cap | Copenhagen |
Sparekassen Faaborg A/S | Mid Cap | Small Cap | Copenhagen |
TK Development A/S | Mid Cap | Small Cap | Copenhagen |
VBG GROUP AB | Mid Cap | Small Cap | Stockholm |
Vestjysk Bank A/S | Mid Cap | Small Cap | Copenhagen |
From January 2010 each segment is reviewed annually based on the average market cap in November. The next cap segment revision will take effect in January 2012 based on average market cap in November 2011. According to amendments announced 29 May, 2009, the market cap calculations are based on the total number of shares, i.e. both listed and non-listed shares, of a company.
12 month transitional period
Companies with a market cap value of more than 50 percent of the minimum or maximum threshold of each segment will be transferred into the new segment with immediate effect. Companies with a market cap value of less than 50 percent of the minimum or maximum threshold of each segment will have a transitional period until the next review, and thus be subject to one more review before transferring into the new segment. Hence, based on the EUR 1 billion Large-cap and EUR 150 million Mid-cap thresholds, a Large-cap company whose market cap value has not fallen below EUR 500 million, and a Mid-cap company whose market cap value has not fallen below EUR 75 million, will be subject to a second review before moving down to the new segment. Similarly, a Mid-cap company whose market cap value has not exceeded EUR 1.5 billion and a Small-cap company whose market cap value has not exceeded EUR 225 million, will be subject to a second review before moving up to the new segment.