Close to one-tenth of companies listed across the Euronext Oslo Børs' marketplaces are traded below NOK 1 per share, and approximately 100 companies trade at a price below NOK 10 per share. For companies on Oslo Børs and Euronext Expand, an observed share price over time below NOK 1 will require remedies. Also for companies on Euronext Growth Oslo, low share prices may create challenges.

The European Commission has put forward a proposed legislative package called the "Listing Act". The purpose of the Listing Act is inter alia to simplify listing on European public markets, and alleviate the requirements for companies once listed. The Listing Act was voted through by the European Parliament in April 2024 and will eventually be implemented in Norway.

With effect from 4 July 2024, a new reporting obligation related to compliance with prospectus requirements is imposed on companies listed on Oslo Børs' regulated markets (Euronext Oslo Børs and Euronext Expand). Furthermore, Oslo Børs guides on the practical handling of the obligation to prevent trading in new shares before any conditions for trading are met.

We have had the pleasure of assisting Nel ASA and Cavendish Hydrogen ASA in the spin-off of Nel's hydrogen fueling division and listing of Cavendish's shares on Oslo Børs.

We are proud to announce that we have assisted The Kingfish Company with a EUR 32 million unsecured convertible loan.

On June 1, 2023, certain amendments are being made to the Market Abuse Regulation ("MAR") as implemented in Norway. The amendments are caused by the enactment of the EU SME Growth Market Regulation (2019/2115).

On 8 April 2022, the Ministry of Finance proposed a long overdue draft bill (Prop. 83 LS) with several amendments to the rules regarding disclosure of large shareholdings (Nw.: flaggeplikt) in the Norwegian Securities Trading Act (STA) and Securities Trading Regulation (STR) to the Norwegian Parliament. The amended rules enter into force on 1 September 2022.

Company Law

Fisheries and Aquaculture

Capital Markets

Managing Associate

Karoline works with capital market transactions related to Norwegian and non-Norwegian companies across sectors, including IPOs/listings on the Oslo Stock Exchange's market places, private placements, investments and block trades. She also assists with public M&A transactions such as public tender offers. She advises issuers, investors, investment banks and others on queries related to company and securities law, including on inside information, transactions by primary insiders and disclosure of major shareholdings (flagging). 

Karoline is ranked as a "Rising star" within capital markets by Legal 500 and IFLR1000.

Oslo

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Karoline works with capital market transactions related to Norwegian and non-Norwegian companies across sectors.