HUNTSVILLE, Alabama, May 25, 2026 (GLOBE NEWSWIRE) -- On April 24, 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. Shareholders of Hexagon as per the record date May 22, 2026 have received one class A ordinary share in Octave for every ten Series A shares held in Hexagon, and one class B ordinary share in Octave for every ten Series B shares held in Hexagon.

Non-affiliate holders of Series B shares in Hexagon have received class B ordinary shares in Octave by way of Skandinaviska Enskilda Banken AB (publ) ("SEB") issuing Swedish depository receipts ("SDRs"). The SDRs each represent one underlying class B ordinary share in Octave and are deposited into shareholders' Euroclear Sweden accounts.

Octave's SDRs are traded on Nasdaq Stockholm under the ticker symbol "OCTV SDB" with the ISIN code SE0028329433.

Octave's class B ordinary shares will be traded on the Nasdaq Stock Market in New York ("Nasdaq New York") under the ticker symbol "OCTV" with the ISIN code IE0003YHD8K8 and the CUSIP G22845 104. The first day of regular-way trading in Octave's class B ordinary shares on Nasdaq New York is expected to be May 28, 2026.

Holders of SDRs may cancel their SDRs to receive the underlying class B ordinary shares as ...