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Press release

ChemoTech's Proposed Strategic Changes Accepted by Nasdaq First North

Scandinavian ChemoTech

Scandinavian ChemoTech AB (publ) (the "Company") today announces that, based on information disclosed in the Company's press releases published on Tuesday, March 31, ahead of the notice of the Annual General Meeting, Nasdaq Stockholm has communicated its preliminary assessment regarding the Company's proposed strategic changes.

 

Nasdaq Stockholm shares the Company's assessment that the strategic change, as proposed, does not constitute such a fundamental change in operations as referred to in item 2.5.1 of the Nasdaq First North Growth Market Rulebook.

 

Nasdaq Stockholm has, however, emphasized that it reserves the right to revise this assessment should circumstances change.

 

"We are pleased that Nasdaq shares our assessment regarding the proposed changes and that the AGM will be able to decide in May," says Mohan Frick, CEO and Co-founder.