STOCKHOLM, May 12, 2026
STOCKHOLM, May 12, 2026 /PRNewswire/ -- On 24 April 2026, the Annual General Meeting of Hexagon AB ("Hexagon") resolved to distribute all shares in its wholly-owned subsidiary Octave Intelligence plc ("Octave") to Hexagon's shareholders. Octave's Swedish depository receipts ("SDRs") will be listed on Nasdaq Stockholm and Octave's class B ordinary shares will be listed on the Nasdaq Stock Market in New York ("Nasdaq New York").
Octave has prepared a prospectus regarding the admission to trading on Nasdaq Stockholm of the company's SDRs that will each represent one (1) underlying class B ordinary share in Octave. The prospectus has been approved and registered by the Swedish Financial Supervisory Authority.
Octave has filed its Registration Statement on Form 10 and amendments thereto under the U.S. Securities Exchange Act of 1934 with the U.S. Securities and Exchange Commission regarding the listing of its class B ordinary shares on Nasdaq New York. The Registration Statement on Form 10 has become effective.
The prospectus and the registration statement are now available on the Hexagon and Octave websites, www.hexagon.com and www.octave.com.
The last day for trading in Series B shares in Hexagon including the right to receive Octave's shares or SDRs is 20 May 2026. The first day of trading in Series B shares in Hexagon excluding the right to receive Octave's shares or SDRs is 21 May 2026. The record date for the distribution is 22 May 2026.
The first day of trading in Octave's SDRs on Nasdaq Stockholm is expected to be 25 May 2026, and delivery of Octave's SDRs is expected to occur on 26 May 2026.
The first day of "when-issued" trading in Octave's class B ordinary shares on Nasdaq New York is expected to be 21 May 2026. The first day of regular-way trading in Octave's class B ordinary shares on Nasdaq New York is expected to be 28 May 2026.
Following the distribution, holders of SDRs may convert their SDRs into Octave class B ordinary shares. Information about such conversion is available on the Hexagon and Octave websites, www.hexagon.com and www.octave.com.
Expected timetable
| 20 May 2026 | Last day of trading in Series B shares in Hexagon including right to receive Octave's shares or SDRs in the distribution |
| 21 May 2026 | First day of trading in Series B shares in Hexagon excluding right to receive Octave's shares or SDRs in the distribution |
| 21 May 2026 | Expected first day of "when-issued" trading in Octave's class B ordinary shares on Nasdaq New York |
| 22 May 2026 | Record date for the distribution |
| 25 May 2026 | Expected first day of trading in Octave's SDRs on Nasdaq Stockholm |
| 25 May 2026 | First day to request conversion of Octave's SDRs to Octave's class B ordinary Shares |
| 28 May 2026 | Expected first day of regular-way trading in Octave's class B ordinary shares on Nasdaq New York |
Advisors
Morgan Stanley, Rothschild & Co and Skandinaviska Enskilda Banken AB (publ) are lead financial advisors to Hexagon and Octave in relation to the distribution and listings of Octave. Sullivan & Cromwell LLP, Mannheimer Swartling Advokatbyrå AB and Arthur Cox LLP are legal counsel to Hexagon and Octave as to U.S., Swedish and Irish law, respectively, in relation to the distribution and listings of Octave.
For more information, please contact:
Hexagon:
Tom Hull, Head of Investor Relations, Hexagon AB, +44 7442 678 437, ir@hexagon.com
Hexagon is the global leader in measurement technologies. Our precision measurement, positioning, and autonomous solutions transform the world's most vital industries. From aerospace & defence, automotive, construction, general manufacturing, to mining and more, we provide the confidence that customers rely on to build, navigate, and innovate.
Hexagon (Nasdaq Stockholm: HEXA B) has approximately 24,800 employees in 50 countries and net sales of approximately 5.4bn EUR.
Learn more at hexagon.com.
Octave provides mission-critical software that empowers organizations to make informed decisions across every stage of the asset lifecycle - Design, Build, Operate and Protect - where performance, safety, and reliability are non-negotiable and failure is not an option.
Turning complex operational data into actionable intelligence, Octave connects expertise, real-world conditions and enterprise-scale insight to improve performance, resilience and incident response where it matters most.
Octave has approximately 7,200 employees in 45 countries. Learn more at octave.com and follow us on LinkedIn.
Important information:
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The following files are available for download:
| https://mb.cision.com/Main/387/4347943/4091218.pdf | Press Release |
View original content:https://www.prnewswire.com/news-releases/prospectus-for-octave-intelligence-plc-published-and-registration-statement-effective-302769909.html
SOURCE Hexagon

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