is the eighth company to list on NASDAQ OMX’s Nordic main markets in 2014. (Photo Credit: HB Grandi/Jón Sigurðarson)

HB Grandi Listed on NASDAQ OMZ Iceland Main Market

NASDAQ OMX has announced that the shares of HB Grandi hf., a Mid Cap company within the Consumer Goods industry, began trading on the Main Market of NASDAQ OMX Iceland on April 25th.

HB Grandi was previously listed on First North Iceland. The company is the eighth company to list on NASDAQ OMX’s Nordic main markets in 2014 (NASDAQ OMX Stockholm; Helsinki; Copenhagen and Iceland), and the second one on NASDAQ OMX Iceland this year. HB Grandi will trade under the ticker symbol GRND.

HB Grandi manages the largest share of quotas in the ocean around Iceland. This gives the company the ability to plan and control its catches throughout the year and to ensure its customers a stable supply.

HB Grandi is one of Iceland’s largest fisheries companies, making quality fresh seafood products from the fish caught from the sea around Iceland. It operates ten fishing vessels and processes seafood products both on sea and on ground on three different locations around Iceland. The company has the largest fishing quota amongst Icelandic fisheries companies and operates its own marketing division that sells its products worldwide, mainly in Europe, Asia and North-America.

HB Grandi operates groundfish processing plants in Reykjavík and Akranes.

“This is an exciting time in HB Grandi’s history.“ said Vilhjalmur Vilhjalmsson, CEO of HB Grandi.

“By entering the market we have reached our goal of being in a more dispersed ownership and we are very happy with the outcome of the IPO. HB Grandi is one of Iceland’s biggest fisheries companies and we are proud to be able to offer Icelanders an opportunity to take part in the future with us,” Vilhjalmur Vilhjalmsson added.

“HB Grandi’s listing on the Main market is a milestone in many ways” said Pall Hardarson, President of NASDAQ OMX Iceland.

“The listing marks the first switch from First North to the Main Market here in Iceland but not least, HB Grandi is the first fisheries company to enter the Main Market for many years. It is important that one of the country’s core industries is represented on the market, giving institutional investors as well as the general public an opportunity to invest in it. We welcome HB Grandi to the market and look forward to supporting them on their new path.”

Conveyor belt fish processing in HB Grandi fish processing plant in Reykjavík. (Photo Credit: Jabbi/CC BY-SA 3.0)

Arion Bank was HB Grandi’s advisor during the listing process and is also the company’s market maker.

About HB Grandi

HB Grandi hf. is one of the largest fishing companies in Iceland and a leader in its field. The company’s experience and knowledge are expressed in its careful utilization of natural resources.

HB Grandi is one of Iceland’s largest fisheries companies, making quality fresh seafood products from the fish caught from the sea around Iceland.

Great emphasis is placed on using the latest advances in technology for fishing and processing. The company takes pride in its production of quality seafood products from the fresh fish caught in the clean waters around Iceland. Respect for natural resources and responsible use of Iceland’s fishing grounds guide the company’s operations.

HB Grandi markets its products worldwide – products made from both groundfish and pelagic fish caught and processed by the company’s 900 employees.

Source: HB Grandi/NASDAQ OMX Group

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