Skandia GreenPower lists on Euronext Growth Oslo

Back

Oslo, 22 February 2021 – The green electricity supplier Skandia GreenPower has today been admitted to trading on Euronext Growth (ticker code: SKAND).

In just a few years, Skandia GreenPower has established a profitable end-user company in the Norwegian electricity market. The company has ambitions to become a leading player in innovative, smart and sustainable energy solutions for private customers throughout the Nordic region.

“New, smart technology and digitalisation, in combination with significant new and stricter requirements from customers, lead to significant changes and great opportunities for the electricity industry. Here, Skandia GreenPower will be an early mover and take a clear position as one of the leading Nordic players,” says CEO Gunnar Norheim.

Recently, the company raised NOK 150 million through an offering of new shares. In addition, there was an over-allotment (greenshoe option) bringing total proceeds raised in the offering to NOK 165 million. The proceeds will be used to realize the company’s business plan and growth strategy.

“The good reception in the capital market is a confirmation of Skandia GreenPower's unique business model. It also confirms the potential of the paradigm shift the electricity industry is facing. The listing on Euronext Growth Oslo is a major milestone for the company and we look forward to realizing the opportunities that lie ahead,” says Norheim.

The shares in the new issue were sold at NOK 15.20 corresponding to a market capitalisation of NOK 250 million.

Skandia GreenPower-kollasje.jpg

Video of the bell ceremony: https://youtu.be/6a2S6cJJ1A8

About Skandia GreenPower Skandia GreenPower is a nationwide supplier of green electricity at competitive prices and mainly delivers electricity in the private retail market. The Group want to accelerate use of renewable energy sources through profitable energy management and optimisation, using digital solutions that enable smarter consumption and production, lower cost and CO2-footprint. Skandia GreenPower has its business office in Kristiansand.

Press Release Footer

About Euronext 
Euronext is the leading pan-European market infrastructure, connecting local 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 1,900 listed issuers and around €6.0 trillion in market capitalisation as of end June 2021, 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. 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. Euronext provides custody and settlement services through central securities depositories in Denmark, Italy, Norway and Portugal. 
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.

© 2021, Euronext N.V. - All rights reserved.