As announced in the Q3 presentation on 16 November 2023, Ice Fish Farm AS (”Ice Fish Farm” or the ”Company”) has been looking into the possibility of having its shares dual listed in Iceland. Today, Ice Fish Farm is pleased to announce its intention to carry out a listing of the Company’s shares on Nasdaq First North Iceland (the “Dual Listing”), which will be in addition to the existing listing on Euronext Growth Oslo.
The Dual Listing is expected to be approved on the same date as the Company's planned capital markets day, 28 May 2024 and first day of trading is expected to be 29 May 2024.
The Dual Listing is subject to publication of a Company description by the Company, approval by Nasdaq Iceland of a listing application as well as fulfillment of other customary listing conditions.
No offering of shares will be carried out in connection with the Dual Listing, and the contemplated Dual Listing will not have any impact on the total number of shares outstanding in the Company. The Dual Listing will enable shareholders of Ice Fish Farm to hold their shares in Icelandic financial instruments (the “Affiliated Shares“), with the same ISIN number and characteristics as the existing shares in Ice Fish Farm.
Guðmundur Gíslason, CEO: “As the operations of Ice Fish Farms take place exclusively in Iceland, a dual listing on First North Iceland is a natural and logical next step for the Company. Since listing on Euronext Growth Oslo in 2020, we have significantly grown the business and become the leading aquaculture entity in the east fjords of Iceland. Combined with the fact that we have experienced an increased interest in Ice Fish Farm by Icelandic investors, and a significant part of the Company ‘s shares are currently held by Icelandic investors, we believe now is the right time to pursue a dual listing in Iceland “Ice Fish Farm has engaged Arion Bank to serve as Manager of the Dual Listing. LOGOS and Thommessen act as Legal Advisors to the Company in relation to the Dual Listing
