Euronext Oslo Stock Exchange

Simple registration process

Through the partnership between VBM and DNB Carnegie, Icelandic securities (shares or bonds) are held in a pooled account with DNB Carnegie. Through DNB Carnegie, the securities can be registered on the Euronext Oslo exchange and made visible to Nordic and international investors.

Euronext Oslo is a leading marketplace for companies in the energy, shipping, fisheries and salmon farming sectors. This partnership gives Icelandic companies at all stages of growth access to a diverse investor base and can become a key platform for international growth.                                                                                   

LISTING SECURITIES ON EURONEXT

To enable the issuance of Norwegian Depository Receipts (NDRs) on Euronext Oslo Børs, DNB Carnegie will deposit a corresponding number of shares in Icelandic securities with a custodian bank. These shares will match the number of NDRs issued and will serve as the underlying assets for the Norwegian Depositary Receipts. The depositary receipts must be listed on one of the recognised listing venues of Euronext Oslo Børs.

This arrangement gives Icelandic securities issuers greater visibility among both Nordic and international investors.

DNB Carnegie will arrange the issuance of the Norwegian depositary receipts and handle communications with the Euronext Oslo Stock Exchange and manage their initial distribution. This will enable Nordic and international investors to trade Norwegian depositary receipts on the Euronext Oslo Stock Exchange, backed by Icelandic shares.

This is done through an offering of so-called Norwegian Depository Receipts.