Regulatory Filings • Dec 2, 2020
Regulatory Filings
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Company update for November 2020
Huddlestock Fintech AS November 2020 update
On November 26th Huddlestock Fintech began trading on the Euronext Growth Market on the Oslo Stock Exchange!
The CEO of the Oslo Børs rang the bell for us (no grand ceremony due to Covid19 unfortunately).
In the early days of trading, the share price is doing as expected with normal volumes traded each day.
Successful capital increase
On Tuesday 17th November, prior to our public listing, we completed a small capital increase. It was a limited issue where all shareholders were invited to participate at a price of NOK 2,10.
The subscription was well received, and the issue was strongly oversubscribed. The shares were issued on Monday 23rd and ready for trading on the first day.
Waiting for Paris
Regarding Qinfen by BNP Paribas, we understand that all outstanding issues are resolved, and BNP Paribas management are only waiting for the global Headquarters in Paris to give their approval. According to our partners this should be be imminent.
In a conference call last week they confirmed that Qinfen is their biggest digitalisation initiative ever.
Connectivity Presentation and Official Launch of Bedrock Offering
Huddlestock has been invited to present our Connectivity platform to BNP Paribas’s clients at their monthly client webinar. The date for this presentation is set for middle of January.
Malaysia Underway
Our project leadership team is already well underway customising our offering for Malaysia.
It is still on track to go live in early 2021 offering Asset Management products through BNP Paribas first, and then later individual trading products.
One of the new leads we have obtained from our relationship with BNP Paribas is an invite to join the prestigious German Association of independent asset managers (vuv.de). They have already informed the membership committee about our offerings.
We can expect at least a few more leads from this association over the next few weeks.
Bavarian BFF!
Bayerische Börse (the Bavarian Stock Exchange) has offered to do joint marketing with us for our new offerings. They will deliver market data for planned discount brokerage offerings to us.
A project to connect us is already under way.
Pipeline Growing
During November we’ve attracted strong interest from several leading global players. We expect to close 1 or 2 of these opportunities before year end.
This is the monthly shareholder information newsletter from Huddlestock Fintech AS.
Should you have any questions, do not hesitate to contact us.
John E. Skajem
CEO
+47 4188 7412
Øyvind Hovland
Chairman
+47 9096 6151
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