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Technology / AI and automation

DANISH NETWORKING COMPANY OLICOM PLANS TO LIST IN NOVEMBER

Token Ring and increasingly Ethernet oriented Danish networking company, Olicom A/S says it will list its shares its shares listed on the Copenhagen Stock Exchange in November 1997. Approximately 1.8 million shares are expected to be offered for sale only to European investors. Most of the shares will be made available by existing shareholders including Nilex Systems ApS, an affiliate of Olicom’s founder, president and chief executive officer Lars Stig Nielsen. Nilex currently anticipates selling up to 700,000 shares. Approximately 50,000 of the shares will be Olicom treasury shares. The offering will also include an option for the underwriters to purchase an additional 270,000 Olicom treasury shares to cover over-allotments, if any. A prospectus with respect to the offering is anticipated to be published following the company’s announcement of its third quarter 1997 financial results expected to take place by mid-October.

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CBR Staff Writer

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