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Oslo Børs has suspended trading of Norwegian shares and associated securities pending an announcement from the company.
Norwegian CEO Jacob Schram
Fredrik Hagen
Published:,
The case is being updated …
Appears in a stock exchange ad. It is not known what kind of message will come from the Norwegian.
The Norwegian share was down 0.32 percent at a price of NOK 0.47 before the close. At the same time, SAS stock received a boost following news of a stock market break with the competitor. SAS stock is up 6.4 percent so far on Wednesday.
The Oslo Stock Exchange can introduce a stock market break if it has received a message from the company in question, if there are “irregular price movements”, if there is a suspicion that there is an uneven flow of information in the market or “in response to other events,” according to Børsen.
For example, a company may request the Stock Exchange to stop trading before publishing a notice that will be of great importance to the company.
Norwegian, along with the rest of the aviation industry, has been hit hard by the corona pandemic. The company avoided bankruptcy this spring when it managed to secure a comprehensive financing package that secured the company’s access to NOK 3 billion in government-guaranteed loans.
During the summer and fall, the company has worked on a new rescue package. On November 9, the government announced that it would not stand up with special support for Norwegian, something that CEO Jacob Schram described as a “punch to the stomach.”
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