The Board stipulated that, prior to the first day of listing the company must satisfy the requirements for 25 % spread of share ownership among the general public and the number of shareholders as specified in the sections 2.4.2 and 2.4.1 of the Oslo Børs Listing Rules. Further, the Board stipulated that the company must raise at least NOK 635 million through its planned primary share issue prior to the first day of listing.
The Board authorised the Chief Executive Officer of Oslo Børs to fix the date of the first day of listing, which is to be no later than 15 January 2017.
Arcus is a leading Nordic branded consumer goods company within the production, import, sale and distribution of wine and spirits with Company revenue of NOK 2.5bn in 2015. The Company is the world’s largest producer of aquavit and holds strong market positions within spirits and wine across the whole Nordic region. The company’s headquarters are located at Gjelleråsen, right outside of Oslo, Norway.