HUNTSVILLE, Ala. – Octave Intelligence plc began trading on Nasdaq Stockholm today following its distribution from parent company Hexagon AB, according to a press release statement.
Hexagon’s annual general meeting on April 24, 2026 approved the distribution of all shares in Octave to Hexagon shareholders. Shareholders on the record date of May 22, 2026 received one class A ordinary share in Octave for every ten Series A shares held in Hexagon, and one class B ordinary share in Octave for every ten Series B shares held in Hexagon.
Non-affiliate holders of Series B shares in Hexagon received class B ordinary shares in Octave through Swedish depository receipts issued by Skandinaviska Enskilda Banken AB. The SDRs each represent one underlying class B ordinary share in Octave and are deposited into shareholders’ Euroclear Sweden accounts.
Octave’s SDRs trade on Nasdaq Stockholm under the ticker symbol ” SDB” with ISIN code SE0028329433. The company’s class B ordinary shares will trade on the Nasdaq Stock Market in New York under the ticker symbol “OCTV” with ISIN code IE0003YHD8K8 and CUSIP G22845 104. Regular-way trading on Nasdaq New York is expected to begin on May 28, 2026.
Holders of SDRs may cancel their receipts to receive underlying class B ordinary shares as early as today, with delivery expected on May 28, 2026. Conversion must be initiated through the holder’s bank, broker or nominee. The conversion is free of charge during the initial six months from the first day of trading, after which a conversion fee applies.
Octave, an Irish company with its registered office in Ireland, has chosen Ireland as its Home Member State for transparency directive purposes.
The company provides software for asset lifecycle management and has approximately 7,200 employees in 45 countries.
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