This page is available in multiple languages
Select Language

Tekna transfers to Oslo Børs main market

Back

  • The eighth transfer on Oslo Børs in 2022
  • Market capitalisation of NOK 1.7 billion

 

Oslo – 1 July 2022 – Oslo Børs, part of the Euronext Group, today congratulates Tekna Holding (ticker: TEKNA) on its transfer to the Oslo Børs main market. The company was first admitted to trading on Euronext Growth Oslo in March 2021. The transfer brings to 211 the number of companies listed on the Oslo main market.

Tekna is a leading provider of advanced materials to industry, headquartered in Sherbrooke, Canada. The company was acquired by Norwegian Arendal Fossekompani in 2014, and produces high-purity metal powders for applications such as 3D printing in the aerospace, medical and automotive sectors.

At opening, the share price of Tekna was set at NOK 14 per share, based on its closing price on Euronext Growth Oslo on 30 June 2022. This corresponds to a total estimated value of the company of approximately NOK 1.7 billion.

Luc Dionne, CEO of Tekna, said: “Since listing on Euronext Growth Oslo last year, Tekna has kept investing in and building its core business which is providing advanced material solutions to some of the most ambitious companies in the world. Today’s uplisting to the main market on Oslo Børs further supports our strategy and provides exposure to a broader global investor audience.  I want to thank both our shareholders for their continued support and our Tekna team for their dedication and hard work towards reaching this milestone.”

 

About Tekna Holding ASA

Tekna is a world-leading provider of advanced materials to industry, headquartered in Sherbrooke, Canada. Tekna produces high-purity metal powders for applications such as 3D printing in the aerospace, medical and automotive sectors, as well as optimised induction plasma systems for industrial research and production. With its unique, IP-protected plasma technology, the company is well positioned in the growing market for advanced nanomaterials within the electronics and batteries industries. Building on 30 years of delivering excellence, Tekna is a global player recognised for its quality products and its commitment to its large base of multinational blue-chip customers. Tekna’s powder products increase productivity and enable more efficient use of materials, thereby paving the way towards a more resilient supply chain and circular economy. For more information see https://www.tekna.com 

Press Release Footer

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 nearly 1,900 listed issuers and around €6.6 trillion in market capitalisation as of end December 2023, 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.  
For the latest news, follow us on Twitter (twitter.com/euronext) and LinkedIn (linkedin.com/euronext).

Disclaimer
This press release is for information purposes only and is not a recommendation to engage in investment activities. This press release is provided “as is” without representation or warranty of any kind. While all reasonable care has been taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this publication may be regarded as creating any right or obligation. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by Euronext’s subsidiaries shall depend solely on the applicable rules of the market operator. All proprietary rights and interest in or connected with this publication shall vest in Euronext.

This press release speaks only as of this date. Euronext refers to Euronext N.V. and its affiliates. Information regarding trademarks and intellectual property rights of Euronext is located at www.euronext.com/terms-use.

© 2024, Euronext N.V. - All rights reserved.