Nordic Halibut AS (NOHAL) has decided to change its accounting standard from NGAAP (Norwegian Generally Accepted Accounting Principles) to IFRS (International Financial Reporting Standards). The above change will be adopted with effect from 1 January 2022 and the Company’s Quarterly Report Q1 2022 will be the first report published according to IFRS standard.
The change in accounting standard is the first step in the preparations of NOHAL’s previously announced ambition to apply for uplisting to Oslo Børs (regulated market operated by the Oslo Stock Exchange). NOHAL aims to complete such uplisting during 2022 (subject to prevailing market conditions and approvals from OSE and NFSA).
Uplisting of the company to a regulated market will increase NOHAL’s presence and visibility in the marketplace, and we expect this potential uplisting to improve the liquidity of the NOHAL share, broaden the institutional shareholder base and ultimately enhance long-term value for our shareholders, says Chairman of the Board, Jan Erik Sivertsen.