Gram Car Carriers transfers to the Oslo Børs main market

Back

  • 13th transfer between Oslo Børs markets this year
  • Brings the total number of companies listed on Oslo Børs main market to 214
  • Market capitalisation of approximately NOK 4.5 billion

 

Oslo – 15 December 2022 – Oslo Børs, part of the Euronext Group, today congratulates Gram Car Carriers (ticker: GCC) on its transfer from Euronext Growth Oslo to the Oslo Børs main market. This is the 13th transfer this year and the 31st since the beginning of 2020 between the markets at Oslo Børs. This illustrates that the Growth market is fulfilling its intended aim, providing growth companies with access to capital for further development and helping them progress to a listing on the main market.

Gram Car Carriers is a tonnage supplier to the world’s operators of seaborne vehicle transportation. Over the last decade, the company has grown to be the third-largest car carrier in the world with modern fuel-efficient vessels and logistics solutions, enabling accurate and safe shipment.

At opening, the share price was set at NOK 152.42 per share, based on the closing price on Euronext Growth Oslo 14 December 2022. This corresponds to an estimated market capitalisation of NOK 4.5 billion.  

Georg A. Whist, the CEO of Gram Car Carriers, said: “Today’s listing on Oslo Børs is an important milestone for GCC as we execute on our strategy as a leading owner of modern car carriers. We started trading on Euronext Growth in January 2022, positioned to capture a historically strong market and a plan to re-charter our fleet at higher rates, pay dividends and uplist to Oslo Børs during the year. Since then, we have built a record revenue backlog with long contract durations, delivered strong earnings growth, and distributed capital to shareholders in three consecutive quarters in line with policy.”

Caption: Georg A. Whist, CEO of Gram Car Carriers, rang the bell this morning to celebrate the company’s listing on the Oslo Børs main market. They were welcomed by Eirik Høiby Ausland, Head of Listing Nordics at Oslo Børs (Photo: Chris Fey/ NTB).

Caption: Georg A. Whist, CEO of Gram Car Carriers, rang the bell this morning to celebrate the company’s listing on the Oslo Børs main market. They were welcomed by Eirik Høiby Ausland, Head of Listing Nordics at Oslo Børs (Photo: Chris Fey/ NTB).

 

Overview of transfers 2017-2022 (per 15.12.22)

  Euronext Expand to Oslo Børs Euronext Growth to Oslo Børs Euronext Growth to Euronext Expand Total 
2017 3 1 1 5
2018 6 0 1 7
2019 1 0 1 2
2020 3 2 0 5
2021 3 10 0 13
2022 2 10 1 13

 

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.