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STOCKHOLM IT VENTURES STATEMENT ON XETRA EXCHANGE SUSPENSION
Last week,the trading of Stockholm IT Ventures AB (SVAB) stock on the Xetra exchange in Germany was temporarily suspended. Reason being, securities on Xetra have to be managed by a regulated market maker known as a designated sponsor. There was a miscommunication with our sponsor, Rennell Bank in Germany, regarding our contract renewal. We understand the situation has caused some disruption, but it has been completely resolved. We apologize for any inconvenience or frustration this may have brought to our valued shareholders. Presently, we have been designated to resume trading on 15 August 2018; however, we are working diligently to move this date up as soon as possible. We will keep everyone apprised of the situation as warranted.