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Nexstim Plc Terminates Market Making Agreement with Pareto Securities AB in Nasdaq First North Sweden

08 May 2017

Nexstim Plc (NXTMH:HEX, NXTMS:STO) ("Nexstim" or "Company"), a medical technology company developing and marketing pioneering navigated non-invasive brain stimulation systems for both therapeutic and diagnostic applications, has decided to terminate its market making agreement with Pareto Securities AB in Nasdaq First North Sweden market. Termination will be effective on 1 July 2017.

NEXSTIM PLC

Martin Jamieson, Chairman and CEO

Further information is available on the website www.nexstim.com or by telephone:

Nexstim                                                                                +447715163942

Martin Jamieson, Chairman and CEO                martin.jamieson@nexstim.com

                                                                                                                                             

UB Securities Oy (Certified Adviser)                               +358 (0)9 2538 0246

 

Citigate Dewe Rogerson                                                 +44 (0)207 2821066

Katja Stout                                                            katja.stout@citigatedr.co.uk

About Nexstim Plc

Nexstim is a medical technology company a medical technology company developing and marketing pioneering navigated non-invasive brain stimulation systems for both therapeutic (NBT® system) and diagnostic (NBS system) applications. Nexstim’s NBS system is the only FDA cleared and CE marked system based on navigated Transcranial Magnetic Stimulation (nTMS) for the pre-surgical mapping of the speech and motor cortices of the brain.

Based on the same technology platform, the Company has developed the Navigated Brain Therapy (NBT®) which is CE marked for the treatment of stroke, major depression and chronic neuropathic pain. The NBT® system is currently in a supplemental Phase III study, E-FIT trial, which will recruit 60 patients. The trial is expected to complete in Q1 2018 allowing Nexstim to file for FDA clearance in April 2018. FDA clearance would allow Nexstim to start marketing and selling its NBT® system for stroke rehabilitation in the USA.

Nexstim shares are listed on the Nasdaq First North Finland and Nasdaq First North Sweden. For more information please visit www.nexstim.com

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