Morpol ASA approved for listing on Oslo Bors
The Board of Oslo Bors has resolved on 16 June 2010 to admit the shares of Morpol ASA to listing on Oslo Bors or Oslo Axess, reports www.megafishnet.com with reference to Morpol.
The Board of Oslo Bors stipulated that, prior to the first day of listing, the company must satisfy the requirement for the number of shareholders as required by Section 2.4.2 of the Listing Rules and at least 25% of the shares to be admitted to listing must be held by the general public as required by Section 2.4.1 of the Listing Rules.
If the company does not satisfy the requirement for the number of shareholders for listing on Oslo Bors, the company will be admitted to listing on Oslo Axess, subject to the other conditions being satisfied.
The Board of Oslo Bors authorised the Chief Executive Officer of Oslo Bors to decide whether the company should be listed on Oslo Bors or Oslo Axess, and to fix the date of the first day of listing, which is to be no later than 30 July 2010.
Subject to completion of the initial public offering as described in the prospectus for Morpol dated 15 June 2010, Morpol expects the first day of trading to be on or about 30 June 2010.
For more information, please contact:
Steven Rafferty, Chief Financial Officer, s.rafferty@morpol.com phone +47 97 66 41 04
John-Paul McGinley, Chief Operating Officer, j.p.mcginley@morpol.com phone +48 507 030 019
About Morpol
The Morpol Group is engaged in salmon processing as well as sale and distribution of finished salmon products. The Morpol Group's main products are: cold and hot smoked salmon, gravadlax, fresh salmon fillets, frozen salmon portions, organic salmon, wild salmon and salmon specialties. The Morpol Group had revenue of approximately EUR 340 million in 2009.
Founded in 1996 in Ustka on the Baltic coast of Poland, the company employs over 3,000 people in eight countries. Morpol Group is the world leader in smoked salmon. The company has achieved its world leading position through the efficiency of processing activities, a constant focus on product quality and service provided to retail and food service customers. Morpol serves customers across Europe, in Japan and the United States by offering value for money.