NASDAQ OMX Iceland welcomes HB Grandi to the Main Market

Reykjavik - 25 April 2014

NASDAQ OMX (NASDAQ:NDAQ) announces that the shares of HB Grandi hf., a Mid Cap company within the Consumer Goods industry, today begin trading on the Main Market of NASDAQ OMX Iceland. HB Grandi was previously listed on First North Iceland. The company is the eighth company to list on NASDAQ OMX’s Nordic main markets in 2014 (NASDAQ OMX Stockholm; Helsinki; Copenhagen and Iceland), and the second one on NASDAQ OMX Iceland this year. HB Grandi will trade under the ticker symbol GRND.

HB Grandi is one of Iceland’s largest fisheries companies, making quality fresh seafood products from the fish caught from the sea around Iceland. It operates ten fishing vessels and processes seafood products both on sea and on ground on three different locations around Iceland. The company has the largest fishing quota amongst Icelandic fisheries companies and operates its own marketing division that sells its products worldwide, mainly in Europe, Asia and North-America. HB Grandi employs around 900 people on land and sea.

“This is an exciting time in HB Grandi’s history.“ said Vilhjalmur Vilhjalmsson, CEO of HB Grandi. “By entering the market we have reached our goal of being in a more dispersed ownership and we are very happy with the outcome of the IPO. HB Grandi is one of Iceland’s biggest fisheries companies and we are proud to be able to offer Icelanders an opportunity to take part in the future with us.”   

“HB Grandi’s listing on the Main market is a milestone in many ways” said Pall Hardarson, President of NASDAQ OMX Iceland.“The listing marks the first switch from First North to the Main Market here in Iceland but not least, HB Grandi is the first fisheries company to enter the Main Market for many years. It is important that one of the country’s core industries is represented on the market, giving institutional investors as well as the general public  an opportunity to invest in it. We welcome HB Grandi to the market and look forward to supporting them on their new path.”

Arion Bank was HB Grandi’s advisor during the listing process and is also the company’s market maker.

 

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