Arctic Fish lists on Euronext Growth Oslo

This page is available in multiple languages

Select Language

Oslo, 19 February 2021 – The Icelandic salmon farming company Arctic Fish has today been admitted to trading on Euronext Growth (ticker code: AFISH).

“We intend to continue to invest and build up profitable and sustainable operations, where the farming is in harmony with the environment and society,” says Stein Ove Tveiten, CEO of Arctic Fish.

Recently, the company raised NOK 550 million through a private placement that included NOK 350 million in new shares and NOK 200 million in sales of existing shares. In addition, there was an over-allotment (greenshoe option) bringing total proceeds raised in the offering to NOK 600 million. The placement attracted strong interest from Norwegian, Icelandic, Nordic and international high-quality institutional investors and was multiple times oversubscribed, announced Arctic Fish.

“We are very pleased with a successful private placement and this will secure the funding of the growth and further development of our value chain,” says Tveiten.

The shares in the new issue were sold at NOK 61.20 corresponding to a market capitalisation of NOK 1.95 billion.

Arctic Fish admitted to trading on Euronext Growth Oslo

Video of the virtual bell ceremony: https://youtu.be/vXtiCxMsHMA

About Arctic Fish Arctic Fish is one of the leading salmon farmers in Iceland, with an integrated value chain from hatchery to sea site locations. It has one of the most sustainable hatcheries in the world, and the only smolt facility in Iceland utilizing RAS technology. Arctic Fish is 100% self-sufficient in smolt, and has farming facilities strategically located in the west fjords of Iceland with pristine conditions favorable for salmon farming, enabling it to produce a sustainable premium salmon. www.arcticfish.is

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 more than 1,900 listed issuers and around €7.1 trillion in market capitalisation as of end March 2024, 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.}