Norse Atlantic ASA: First day of trading on Euronext Expand

• Oslo Børs has approved the admission of Norse Atlantic ASA´s shares to trading on Euronext Expand
• 28 April 2023: Norse Atlantic Airways first day of listing on Euronext Expand

Photo: Thomas Brun/NTB

Arendal, 28 April 2023: As of today, 28 April 2023, the shares of Norse Atlantic ASA (the "Company" or "Norse") with ticker code "NORSE" start trading on the Oslo Stock Exchange regulated market Euronext Expand, moving up from the MTF market Euronext Growth.

Ahead of the first day of trading, the company satisfies the admission requirements for Euronext Expand as stipulated by Oslo Børs.

Reference is further made to the stock exchange announcement published by Norse on 20 April 2023 regarding the successful completion of a subsequent offer of 60,000,000 new shares ("Offer Shares") in the Company (the "Subsequent Offering"). The Offer Shares will be tradable on Euronext Expand on 2 May 2023.

The record date in the reverse share split is today, 28 April 2023, and is expected to be fully completed and reflected in the VPS on 2 May 2023.     

Bjørn Tore Larsen, CEO of Norse Atlantic Airways, said: "Moving to the regulated markets of Oslo Børs has been a key objective for us, so today marks an important milestone for Norse Atlantic Airways in our pursuit to become a leader in the international low-cost, long-haul market. Since listing the company on Euronext Growth when we established Norse about two years ago, we have made good progress in our goal to become the first sustainable low-cost, long-haul airline. We are excited to continue our growth journey, and we look forward to welcoming new investors on board."

Eirik Høiby Ausland, Head of Listing Nordics at Oslo Stock Exchange, said: “It is a pleasure to congratulate Norse Atlantic Airways with their uplisting from Euronext Growth Oslo to Euronext Expand. The company now have the best conditions to make the most of their listing. We look forward to exploring this journey together with the company going forward.”

Advisors

Pareto Securities AS and SpareBank 1 Markets AS are acting as joint global coordinators and joint bookrunners in the Subsequent Offering. Wikborg Rein Advokatfirma AS is acting as legal advisor to the Company.

For further information, please contact:

Ben Boiling, CFO
Phone: +47 912 40 945
Email:[email protected]
 

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 close to 1,930 listed issuers and around €6.8 trillion in market capitalization as of end March 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 center 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.