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Fly Play Stock Gains Major Market Upgrade: Nasdaq Iceland Main Market Listing Confirmed
Fly Play hf. has successfully secured approval for its Fly Play stock to migrate from First North Iceland to Nasdaq Iceland’s Main Market, marking a significant milestone for the airline operator. The listing becomes effective on August 8, 2024, providing enhanced visibility and liquidity for investors.
Trading Details and Market Specifications
The company will trade under the ticker symbol PLAY on the OMX ICE Equities platform (MIC Code: XICE) with a total of 1,891,598,895 shares in circulation. Each share carries a nominal value of 1 ISK, with the International Securities Identification Number (ISIN) designated as IS0000032936. Trading orders are processed through Order Book ID 229790, with a round lot size of one share.
Risk Management and Market Parameters
Nasdaq Iceland has implemented protective trading mechanisms for Fly Play stock, including a Dynamic Volatility Guard set at 5% and a Static Volatility Guard at 15%. These safeguards help manage price swings during market volatility. The company operates in the Small Cap segment, with shares priced in Icelandic króna (ISK).
Industry Classification and Corporate Profile
Fly Play hf. is classified under the Airlines industry (ICB Supersector 40501010) within the Consumer Discretionary sector. The company’s identity number is 660319-0180. The trading framework adheres to MiFID II tick size protocols, ensuring standardized pricing increments across the market.
This listing elevation represents a strategic advancement for Fly Play stock, positioning the airline company within Nasdaq Iceland’s premier trading venue and opening doors to a broader institutional investor base.