Publication of a Company Description
Icelandic Salmon AS has published a Company Description in relation to the proposed admission to trading of the Company‘s Affiliated Shares on Nasdaq First North Growth Market Iceland (“First North Iceland“). The Company Description, dated 27th of September 2023, is published on the Company‘s website, www.arnarlax.is/investors
Nasdaq First North Growth Market
Nasdaq First North Growth Market is a registered SME growth market, in accordance with the Directive on Markets in Financial Instruments (EU 2014/65) as implemented in the national legislation of Denmark, Finland, Iceland and Sweden, operated by an exchange within the Nasdaq group. Issuers on Nasdaq First North Growth Market are not subject to all the same rules as issuers on a regulated main market, as defined in EU legislation (as implemented in national law). Instead, they are subject to a less extensive set of rules and regulations adjusted to small growth companies. The risk in investing in an issuer on Nasdaq First North Growth Market may therefore be higher than investing in an issuer on the main market. All issuers with shares admitted to trading on Nasdaq First North Growth Market have a Certified Adviser who monitors that the rules are followed. The respective Nasdaq exchange approves the application for admission to trading.
Arion Bank hf., reg. no. 581008-0150, Borgartún 19, 105 Reykjavík (hereafter referred to as the “Certified Adviser” or “Arion Bank”), which is a member of and has an agreement with Nasdaq Iceland hf., is the Certified Adviser for the admission of the Company‘s Affiliated Shares to trading on First North Iceland. Arion Bank holds a full banking license under the Act on Financial Undertakings, no. 161/2002 and is regulated by the Icelandic Financial Supervisory Authority. The Company has chosen to be fully Exchange-monitored and as such the Certified Adviser does not have an obligation to make sure that the conditions of the Nasdaq First North Growth Market Rulebook for Issuers of Shares are fulfilled initially or complied with continuously.
The Company Description
For further information, please contact:
CEO Björn Hembre
Tel: +47 913 47 432
CFOJónas Heiðar Birgisson
Tel: +354 414 0609
About Icelandic Salmon: Icelandic Salmon is listed at the Euronext Growth. The company is the 100% owner of Arnarlax ehf, the leading farming company in Iceland with their head office in Bildudalur. The company is fully integrated, from egg to the fish is delivered to customers in the market, with control over all parts of the value chain. See https://www.arnarlax.is for more information about the company