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A shipowning company with a market capitalisation of approximately NOK 728 million
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The ninth listing on Euronext in 2026 and the fourth international listing
Oslo – 9 March 2026 – Euronext today congratulates Pelagic Credit (ticker: PLGC) on its listing on Euronext Growth Oslo. This is the ninth listing on Euronext and the fourth international listing so far in 2026.
Pelagic Credit is a yield-focused shipowning company that generates stable and predictable cash flow through long-term bareboat charters. The company currently owns four vessels providing visible cash flow, three of them employed on five-year fixed-rate contracts and one employed on a five-year floating-rate contract. Following the admission, the company plans to further expand its fleet selectively, supported by a pipeline of identified vessel investments. Pelagic Credit is backed by maritime investment manager H.M. Pelagic Partners Ltd. and aims to deliver sustainable dividends through disciplined capital allocation and risk management. The company is incorporated in Cyprus.
In connection with the listing, Pelagic Credit completed a private placement, where the company raised gross proceeds of approximately NOK 558 million, equalling approximately USD 57 million. At market opening today, the price was NOK 19.67 per share, giving the company a market value of NOK 728 million.
Tobias Backer, Chief Executive Officer of Pelagic Credit, said: “Pelagic Credit represents a unique product within public markets that is designed to bridge the current capital funding gap within the maritime industry, to support the demand for structured leasing transactions. By primarily focusing on counterparty-risk, rather than timing market volatility and residual value optimisation, Pelagic Credit seeks to generate equity-like returns for lower-risk, debt-like transactions.”
CONTACTS
| MEDIA – mediateam@euronext.com | ||
| Norway | Cathrine Lorvik Segerlund | +47 41 69 59 10 |