First admission of 2022 on Euronext Growth Oslo bringing the total number of companies to 120
Market capitalisation of approximately NOK 1.5 billion
Oslo – 31 January 2022 – Oslo Børs, part of the Euronext Group, today congratulates Gram Car Carriers on its admission to Euronext Growth Oslo (ticker: GCC). This is the first admission on Oslo Børs’ markets in 2022, and the third on all Euronext markets. The admission brings the total number of companies on Euronext Growth Oslo to 120.
The company is a tonnage supplier to the world’s operators of seaborne vehicle transportation, with a fleet of 22 vessels, whereof 18 are owned by the company. They provide their customers with modern fuel-efficient vessels and logistics solutions to operators, enabling precise and safe shipment. Gram Car Carriers has extensive experience from the car carrier industry and commercial management.
At opening, the share price was set at NOK 53 per share, corresponding to a total estimated value of the company of approximately NOK 1.5 billion. The company raised NOK 1.049 billion through a private placement before the admission.
Georg A. Whist, the CEO of GCC, commented: "Today’s listing on Euronext Growth signals the starting point for the next stage of our exciting journey as a trusted provider of high-quality vessels and logistics solutions to major global and regional car carrier operators. We operate in a market with highly favorable supply/demand dynamics which underpins increased earnings visibility, improving economics and our ability to provide direct shareholder returns through attractive dividends.
The bell ceremony video is available here: https://youtu.be/1mNGqWZODhc
Gram Car Carriers is a shipping company specialised on Pure Car Truck Carriers with 18 vessels to suit all seaborne vehicle transportation, focused on providing a modern and efficient varied fleet. As the world's third-largest tonnage provider, and with nearly 40 years of experience, the Gram Car Carriers group charters to major global and key regional operators. The group is focused on environmental, social and governance (ESG) performance, and will measure, manage and report on ESG topics.