press center press release

NASDAQ OMX ICELAND WELCOMES TM INSURANCE HF. TO THE MAIN MARKET

Published

Reykjavik, 8 May, 2013 -  NASDAQ OMX (NASDAQ:NDAQ) announced that the shares of TM Insurance hf. “TM”, a Small Cap company within the Financial sector, today began trading on the Main Market of NASDAQ OMX Iceland. TM is the third company to be listed on NASDAQ OMX Nordic this year, and the second on the NASDAQ OMX Iceland market. TM will trade under the ticker symbol TM.

TM is an Icelandic insurance company offering comprehensive insurance services to over 50.000 individuals and businesses. TM has an operating licence in the EU area and in Faroe Islands and insures domestic and international risks. As a result of the insurance business, investments are an important part of TM’s activities. TM’s goal is to provide clients with outstanding service and good returns to its shareholders.

Sigurdur Vidarsson, CEO of TM Insurances said: “We are very pleased to welcome all of our new shareholders and are excited to head towards the future with them. TM has changed considerably since 2008, when the company was last listed with NASDAQ OMX Iceland. Our technical performance is the best in the Icelandic insurance market and our goal is to keep pushing the boundaries in terms of our underwriting practices, risk management and service excellence, for the benefit of our shareholders and customers.”

“It is with pleasure that we welcome TM Insurance to the Icelandic Main market. Investor interest in TM demonstrates both how well suited the company is for the market as well as the need for additional investment alternatives.” said Pall Hardarson, President of NASDAQ OMX Iceland. “TM’s decision to list on NASDAQ OMX Iceland has brought them around 7000 new shareholders. We look forward to supporting the company on their path towards a new future as a listed company.”

Landsbankinn and Islandbanki are TM’s financial advisors and Islandsbanki and MP Bank are market makers.

#

Cautionary Note Regarding Forward-Looking Statements

Information set forth in this communication contains forward-looking statements that involve a number of risks and uncertainties.  NASDAQ OMX cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information.  Such forward-looking statements include, but are not limited to, statements about our capital return initiatives.  Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ OMX’s control.  These factors include, but are not limited to, NASDAQ OMX’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk, U.S. and global competition, and other factors detailed in NASDAQ OMX’s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q which are available on NASDAQ OMX’s website at http://www.nasdaqomx.com and the SEC’s website at www.sec.gov.  NASDAQ OMX undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.

About NASDAQ OMX Group

The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies and provides transformative technologies for the entire lifecycle of a trade - from risk management to trade to surveillance to clearing. In the U.S. and Europe, we own and operate 23 markets, 3 clearinghouses and 5 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products. Able to process more than 1 million messages per second at sub-40 microsecond speeds with 99.99+% uptime, our technology drives more than 70 marketplaces in 50 developed and emerging countries into the future, powering 1 in 10 of the world’s securities transactions. Our award-winning data products and worldwide indexes are the benchmarks in the financial industry. Home to approximately 3,300 listed companies worth more than $6 trillion in market cap whose innovations shape our world, we give the ideas of tomorrow access to capital today. Welcome to where the world takes a big leap forward, daily.  Welcome to the NASDAQ OMX Century.  To learn more, visit www.nasdaqomx.com. Follow us on Facebook (www.facebook.com/NASDAQ) and Twitter (www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500).

         Media:

         Kristín Jóhannsd

         +354 525 2844/+354 868 9836

         kristin.johannsdottir@nasdaqomx.com

In This Story

Nasdaq Press Center

Read the latest press releases, request a press kit, and get in touch with our press team.

learn more