Press release, July 11, 2007
The Nordic Exchange welcomes Eik Banki
Today Eik Banki is primarily listed on the OMX Nordic Exchange Iceland, and at
the same time on the OMX Nordic Exchange Copenhagen. Eik is the fifty-seventh
company to join the Nordic Exchange this year. As well as becoming a listed
company, Eik Banki also expands the membership at the Nordic Exchange to
Copenhagen. A live webcast from the listing ceremony is accessible today.
Eik Banki P/F which is the parent company of the Eik Group and the largest bank
in the Faroe Islands, was founded in 1832. The overall strategy of Eik Banki
P/F is to spread its activities geographically and in different business areas
in order to spread risk and increase profit. In 2006, 50 percent of the income
originated from outside of the Faroe Islands.
The Eik Group consists of 17 full service branches in the Faroe Islands, 1
fully owned Copenhagen
subsidiary, Eik Bank Danmark A/S, and Inni P/F, a fully owned Faroese real
estate agency. Furthermore, Eik Bank Danmark is in the process of acquiring the
Danish branch of SkandiaBanken AB, the largest internet bank in Denmark. In
addition, the Eik Group holds 9.94 percent of the shares in SPRON and 29
percent of the shares in the Danish company Investea A/S. The main operating
areas of Eik Banki P/F are retail banking, corporate banking, securities
trading, asset management, pension savings and investment banking.
“It´s a great pleasure to welcome Eik Banki to the Financials sector on the
Nordic Exchange. Eik Banki will be an interesting addition to an already very
strong sector in Iceland. The Icelandic market has been fruitful in providing
capital to the rapidly expanding banks and Eik Banki will no doubt benefit from
taking this important step in its development,” says Thordur Fridjonsson,
President of OMX Nordic Exchange Iceland.
”Eik Banki is is now a member of OMX Nordic Exchange in Iceland and in
Copenhagen and as part of the rapid development, the company chooses to become
listed both places. This is an expression of the positive tendencies in the
market but is also an approval of the Nordic Exchange's set up and existence,”
says Jan Ovesen, President, OMX Nordic Exchange Copenhagen.
“Eik Banki is the newest and - with its 175 years history - probably also the
oldest listed company on the OMX Nordic Exchange in Iceland and Copenhagen.
When Eik Banki was transformed from a Savings Bank to a PLC in 2002, it was
stipulated in the Articles of Association, that the Board of Directors could
list the shares. This listing has therefore been in the pipelines for some
time, and I strongly believe that it will benefit both Eik Banki, its
shareholders and the Faroese society as a whole”, says Marner Jacobsen, CEO of
Eik Banki.
Eik Banki is a Mid Cap company and will join the MidCap+ index on OMX Nordic
Exchange Copenhagen. A round lot of shares in Eik Banki, whose short name is
FO-EIK on OMX Nordic Exchange Iceland and FO-EIK CSE on OMX Nordic Exchange
Copenhagen, amounts to 10. The company belongs to the Financial sector.
A live webcast from the listing ceremony is accessible on 11 July at 10:45
Faroese time (9:45 Icelandic time and 11:45 CET). Go to www.eik.fo, www.eik.dk
or www.eikbank.dk.
For more information please contact:
Thordur Fridjonsson, OMX Nordic Exchange Iceland +354 892 0597
Ellen-Margrethe Soelberg, OMX Nordic Exchange Copenhagen +45 33 77 04 30
Marner Jacobsen, CEO, Eik Banki +298 34 80 00
About OMX | OMX is a leading expert in the exchange industry. The common
offering from OMX Nordic Exchange in Helsinki, Copenhagen, Stockholm, Iceland,
Tallinn, Riga and Vilnius, comprises over 800 companies including its
alternative market First North. OMX provides technology to over 60 exchanges,
clearing organizations and central securities depositories in over 50
countries. OMX is a Nordic Large Cap company in the Financials sector on the
OMX Nordic Exchange. For more information, please visit www.omxgroup.com.
