Himalaya Shipping transfers to Euronext Expand Oslo

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  • Fourth transfer on Oslo Børs in 2022
  • Market capitalisation of approximately NOK 1.64 billion

Oslo – 29 April 2022 – Oslo Børs, part of Euronext Group, today congratulates Himalaya Shipping (ticker: HSHIP) on the transfer from Euronext Growth Oslo to Euronext Expand Oslo that now counts 16 companies.

The company is an independent bulk carrier company that is a new player in the dry bulk market, with 12 dual fuel Newcastlemax dry bulk vessels currently under construction at New Times Shipbuilding in China. The vessels will deliver fuel efficiency and lower emissions, and they are prepared for next generation fuels.

At opening, the share price of Himalaya Shipping was set at NOK 51 per share based on its closing price on the Euronext Growth on 28 April. This corresponds to a total estimated value of the company of approximately NOK 1.64 billion.

Herman Bilung, Contracted CEO in Himalaya Shipping said: “Himalaya Shipping Ltd. with its 12 dual fuel ECO Newcastlemax vessels under construction, is proud to be listed on Euronext Expand. We highly appreciate the support from our investors, and we are excited to take delivery of the greenest vessels of its segment, with first-class specification."

 

 

About Himalaya Shipping

Himalaya Shipping Ltd. is an independent bulk carrier company, incorporated in Bermuda. The company has ordered 12 LNG dual fuelled Newcastlemax dry bulk carriers with delivery between Q2 2023 and Q4 2024.

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About Euronext 
Euronext is the leading pan-European market infrastructure, connecting European economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal. With close to 2,000 listed issuers and around €5.8 trillion in market capitalisation as of end June 2022, it has an unmatched blue-chip franchise and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets, one of Europe’s leading electronic fixed income trading markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. The Group provides a multi-asset clearing house through Euronext Clearing, and custody and settlement services through Euronext Securities central securities depositories in Denmark, Italy, Norway and Portugal. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates a number of junior markets, simplifying access to listing for SMEs.  
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