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Market capitalisation of NOK 163 million
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The second listing of the year on Oslo Børs’ markets
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15th listing on Euronext in 2024
Oslo – 23 May 2024 – Euronext Oslo Børs today congratulates the savings bank Flekkefjord Sparebank (ticker code: FFSB) on its listing on Euronext Growth Oslo. This is the second listing of the year on Oslo Børs’ markets. It is also the 15th listing on Euronext.
The history of Flekkefjord Sparebank dates back to 1837 when it opened as the first savings bank between Stavanger and Kristiansand. Today, the bank is headquartered in Flekkefjord municipality, but it also has branches in Lister, Dalane and Lindesnes, offering financial services to both private and corporate customers.
The savings bank issued 1.5 million equity certificates, raising NOK 163 million from 1,300 new shareholders, of which 1,116 were private individuals. The issuance was oversubscribed by 62%. At market opening today, the share price was set at NOK 108,5 per share, giving the bank a market value of approximately NOK 163 million on its first trading day.
Heidi Nag Flikka, CEO of Flekkefjord Sparebank, said: “By listing Flekkefjord Sparebank on Euronext Growth Oslo, we further enhance our ability to be a strong local contributor to economic growth and community development. The bank has played a significant role in the development of Lister, Dalane and Lindesnes since 1837. Our commitment to being a professional partner for both individuals and businesses enables us to understand and meet the unique needs of our market area, contributing to sustainable growth and development for our local communities.”
Caption: Njål Grønsund, CFO at Flekkefjord Spareabank, rang the bell this morning to celebrate the listing and the first day of trading on Euronext Growth Oslo. Heidi Nag Flikka, CEO, was up on the bridge together with the rest of the management team and the Chairman of the Board, Arne Ingebretsen. The savings bank was welcomed by Øivind Amundsen, CEO of Oslo Børs. (Photo: Thomas Brun | NTB)
About Flekkefjord Sparebank
Flekkefjord Sparebank, founded in 1837, is an independent savings bank located in Lister, Dalane, and Lindesnes. The bank offers financial services to both private and corporate customers. Throughout its long history, Flekkefjord Sparebank has been dedicated to promoting local economic growth and community development. With headquarters in Flekkefjord, the bank is proud of its ability to combine local knowledge and personal advice to meet the needs of its customers and the local community, now and in the future.
CONTACTS
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MEDIA – mediateam@euronext.com |
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Europe |
Aurélie Cohen |
+33 1 70 48 24 45 |
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Andrea Monzani |
+39 02 72 42 62 13 |
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Amsterdam |
Marianne Aalders |
+31 20 721 41 33 |
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Brussels |
Marianne Aalders |
+32 26 20 15 01 |
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Dublin |
Andrea Monzani |
+39 02 72 42 62 13 |
dublinpressoffice@euronext.com
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Lisbon |
Sandra Machado |
+351 91 777 68 97 |
portugalpressoffice@euronext.com
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Milan, Rome |
Ester Russom |
+39 02 72 42 67 56 |
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Oslo |
Cathrine Lorvik Segerlund |
+47 41 69 59 10 |
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Paris, Corporate |
Flavio Bornancin-Tomasella |
+33 1 70 48 24 45 |
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Corporate Services |
Coralie Patri |
+33 7 88 34 27 44 |
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ANALYSTS & INVESTORS – ir@euronext.com |
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Investor Relations |
Aurélie Cohen |
+33 1 70 48 24 17 |
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Clément Kubiak |
+33 1 70 48 26 33 |
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