Press release, 10 December 2007
The shares of the Faroese airline company P/F Atlantic Airways will be admitted
to trading on OMX Nordic Exchange Iceland today. The company is the 37th
company to join the Nordic Exchange's main market this year.
Atlantic Airways was established in 1987 and has grown steadily since then.
Operations started cautiously in March 1988, with a single aircraft and just
one route, between the Faroe Islands and Copenhagen. But during two decades of
operation, Atlantic Airways has gradually expanded and established new income
streams, ensuring the company a stable economic base. The main activity
consists of scheduled service with Faroes as a cornerstone, charter operations
in Europe and helicopter operations in Faroese and North Sea waters. Atlantic
Airways currently operates six aircrafts and three helicopters.
“We are delighted at Atlantic Airways' listing on the Nordic Exchange. We trust
that this ‘touchdown' in the stock market will enable the airline to really
'take off' in the future. Faroese companies have been advancing strongly in the
wake of government privatization efforts, and this listing is an indicator of
the opportunities they see in the market,” said Thordur Fridjonsson, President
of OMX Nordic Exchange Iceland.
A round lot of shares in P/F Atlantic Airways, whose short name is FO-AIR,
amounts to 20. The company is included in the Industrials sector and is a Small
Cap company.
For further information contact:
A. Kristín Jóhannsdóttir, OMX Nordic Exchange Iceland, Tel: +354 525
2844/+354 868 9836
About OMX | OMX is a leading expert in the exchange industry. The OMX Nordic
Exchange 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. The Nordic Exchange is
not a legal entity but describes the common offering from OMX exchanges in
Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. OMX is a
Nordic Large Cap company in the Financials sector on the OMX Nordic Exchange.
For more information, please visit www.omxgroup.com.
