Press Release, June 21, 2007
The Nordic Exchange welcomes Føroya Banki
Today Føroya Banki is primarily listed on the Iceland Stock Exchange, and at
the same time on the Copenhagen Stock Exchange. Føroya Banki is the 45 th
company to join the Nordic Exchange this year.
Føroya Banki - the oldest bank of the Faroe Islands - was established in 1906.
In 1994 it merged with P/F Sjóvinnubankin, and continued the company under the
name Føroya Banki. The bank has both private and commercial clients.
“We sincerely welcome Føroya Banki to the OMX Nordic Exchange Iceland. It is
very enjoyable to have a powerful Faroese financial company on the Exchange.
The bank's privatisation marks new era for Faroe Islands and brings about
exciting times,” says Thordur Fridjonsson, President, OMX Nordic Exchange
Iceland.
"This is a great day for us. This process started in 2006. In June we became a
member of the OMX Nordic Exchange Iceland, to which the Faroese Securities
Market is affiliated. And subsequently we became a member in Copenhagen. I am
convinced that the listing and privatization will help us to grow still further
both locally and globally and we look forward to working with and create value
for our shareholders", says Janus Petersen, CEO of Føroya Banki.
A round lot of shares in Føroya Banki, whose short name is FO-BANK, amounts to
20 in Iceland and 50 in Copenhagen. The company is registered in the Financials
sector and is a Mid Cap company.
For more information, please contact:
Ellen-Margrethe Soelberg, OMX Nordic Exchange +45 33 77 04 30
About OMX | OMX is a leading expert in the exchange industry. Through the
Nordic Exchange, OMX offers access to approximately 80 percent of the Nordic
and Baltic securities market. The Nordic Exchange is a term used for marketing
purposes and is not a legal entity. It describes the common offering from the
Helsinki Stock Exchange, Copenhagen Stock Exchange, Stockholm Stock Exchange,
Iceland Stock Exchange, Tallinn Stock Exchange, Riga Stock Exchange and Vilnius
Stock Exchange. OMX integrated technology solutions cross the transaction chain
enabling efficient securities transactions for over 60 exchange organizations
in more than 50 countries. OMX is a Nordic Large Cap company in the Financial
sector on the OMX Nordic Exchange. For more information, please visit
www.omxgroup.com.
