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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
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)
