Hexagon Distributes Shares of Octave Intelligence and Registers for Trading

Key Steps in the Distribution of Octave Intelligence Shares

On April 24, 2026, during its Annual General Meeting (AGM), Hexagon AB, a global leader in measurement technologies, decided to enact a pivotal corporate restructuring. This decision involves distributing all shares of its wholly-owned subsidiary, Octave Intelligence plc, to its shareholders, a move expected to enhance both companies' operational focus and financial performance.

Overview of the Distribution

The AGM resolved that Hexagon shareholders would receive shares of Octave. Specifically, Octave's shares are poised to be publicly traded on both Nasdaq Stockholm and the Nasdaq Stock Market in New York. The shares will be represented in the form of Swedish depository receipts (SDRs), where each SDR will correspond to one of Octave's class B ordinary shares.

The company has prepared a detailed prospectus related to the admission of its SDRs on Nasdaq Stockholm. This prospectus has already received approval and registration from the Swedish Financial Supervisory Authority, thereby legitimizing the planned distribution and trading activities.

As part of the preparation for trading, Octave has also filed a registration statement with the U.S. Securities and Exchange Commission under the Securities Exchange Act of 1934. This registration will permit the listing of Octave's class B ordinary shares on Nasdaq New York, and this statement has become effective as of the recent announcement. Consequently, the prospectus alongside the registration document is now accessible on both the Hexagon and Octave official websites.

Important Dates and Trading Timeline

The timeline for transitioning to independent trading indicates important milestones ahead. The last viable trading day for Hexagon's Series B shares, where shareholders have the entitlement to receive Octave's shares or SDRs, is set for May 20, 2026. The following day, May 21, will see the commencement of trading for these shares without the associated rights to Octave’s shares.

For investors eager to track when Octave shares will be actively traded, the anticipated first day of trading for its SDRs on Nasdaq Stockholm is projected for May 25, 2026. Just a day earlier, May 21, will also open the