22/10/2015 – At its meeting on 28 October 2015, the Board of Oslo Børs resolved to admit shares in Skandiabanken ASA to listing on Oslo Børs.
The Board of Directors of Oslo Børs resolved in a board meeting on 22 October 2015 to admit the shares in Skandiabanken ASA to listing on Oslo Børs.
The Board agreed to exempt the company from the requirement that a listed company must have been in existence for at least three years, cf. section 2.3.1 and 2.3.2 of the Oslo Børs Listing Rules. The exemption was granted because the company’s business has been in existence for the required time, but has operated through a different legal time.
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 publish an approved prospectus 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 3 December 2015
About Skandiabanken ASA:
Skandiabanken is a pure digital bank offering a comprehensive range of financial products and services to individuals in Norway within payments and card services, deposit-based savings, investment products and long-term and short-term loans. The Bank has no branches and all products and services are offered directly through the digital platform available on a range of user devices. As of 30 June 2015, Skandiabanken had 380, 248 account customers with a balance, and total assets of NOK 64 billion.
New listings:
http://www.oslobors.no/ob_eng/
