Maha Energy’s Listing on Nasdaq Stockholm Main Market

Setterwalls has acted as legal advisor to Maha Energy AB.

Maha Energy AB announced that Nasdaq Stockholm’s listing committee had decided that Maha fulfills the requirements for admission to trading of the Company’s shares on the main market Nasdaq Stockholm subject to customary provisions.

In connection with the list change from Nasdaq First North Growth Market to Nasdaq Stockholm’s main list the Company has prepared a prospectus that has been approved and registered by the Swedish Financial Supervisory Authority.

Maha Energy AB is an international upstream oil and gas company whose business activities include exploration, development and production of crude oil and natural gas. The strategy is to target and develop underperforming hydrocarbon assets on global basis. Maha operates oil fields in Brazil and in the United States, and was recently awarded an exploration block in the Sultanate of Oman. The Company’s A-shares have been listed on Nasdaq First North Growth Market since 2016. First day of trading in the Company’s A-shares on Nasdaq Stockholm was on 17 December 2020.

The Setterwalls team included Marcus Nivinger (Picture), Joakim Winnerljung, Magnus Melin, Sunniva Otterbjörk, Johanna Linnarsson, Patrik Magnesved and Elin Ipsonius.

Involved fees earner: Elin Ipsonius – Setterwalls; Johanna Linnarsson – Setterwalls; Patrik Magnesved – Setterwalls; Magnus Melin – Setterwalls; Marcus Nivinger – Setterwalls; Sunniva Otterbjörk – Setterwalls; Joakim Winnerljung – Setterwalls;

Law Firms: Setterwalls;

Clients: Maha Energy AB;