As of 1 April 2025, the Financial Supervisory Authority of Norway (the Norwegian FSA) is the competent authority for the Norwegian take-over regime and the supervisory authority for the ongoing disclosure obligation and delayed disclosure of inside information and supervision of share-buy-backs and stabilisation under the Market Abuse Regulation (MAR), taking over from Euronext Oslo Børs.

Norwegian Depositary Receipts ("NDRs") have been available as financial instruments in Norway since 2020. NDRs are a cost efficient and practical alternative to shares for accessing the Norwegian equity market.

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.

We have had the pleasure of assisting NORBIT ASA (OSE: "NORBT") on its successfully completed private placement of new ordinary shares, raising gross proceeds of approximately NOK 200 million.

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

We have assisted Norse Atlantic ASA ("Norse") with a successful "repair offering" of shares and subsequent uplisting of the company's shares to the Oslo Børs market Euronext Expand.

Kapitalforvaltning

Kapitalmarkeder

Senioradvokat

Ole Martin er tilknyttet firmaets fagområde for kapitalmarkeder.

Ole Martin arbeider hovedsaklig med kapitalmarkedstransaksjoner og bistår jevnlig norske og internasjonale aktører i alle faser av børsnoteringer, oppkjøp og emisjoner. Han bistår også bredt innenfor verdipapirrett og selskapsrett. Videre har Ole Martin erfaring med private M&A-transaksjoner.  

Før Wikborg Rein jobbet Ole Martin som fast advokat i CMS Kluge og som advokatfullmektig i Advokatfirmaet BAHR. Ole Martin har master i rettsvitenskap fra Universitetet i Oslo.

Oslo

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Ole Martin arbeider hovedsaklig med kapitalmarkedstransaksjoner og bistår jevnlig norske og internasjonale aktører i alle faser av børsnoteringer, oppkjøp og emisjoner.

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Artikler på wr.no

The Norwegian FSA assumes the role as Norwegian take-over authority and supervisory authority for disclosure regime

Norwegian Depositary Receipts – an entry to the Norwegian equity market

Simplified prospectus rules coming – the Listing Act legislative package

Wikborg Rein assisting NORBIT ASA on its NOK 200 million private placement

New reporting obligation to Oslo Børs related to share issuance

Wikborg Rein assists The Kingfish Company in EUR 32 million convertible loan