The OSE board approves Asetek for listing on Oslo Stock Exchange
The Board of Oslo Stock Exchange has on its meeting 27 February 2013 approved that the shares of Asetek A/S may be admitted to listing on the Oslo Stock Exchange.
It is assumed that, prior to the first day of listing, the requirement for the number of shareholders as stipulated in the Listing Rules, section 2.4.2, or Oslo Axess Listing Rules, Section 2.4.2 is fulfilled and that at least 25% of the shares to be listed are held by the general public as required by the Listing Rules section 2.4.1, alternatively Oslo Axess Listing Rules, Section 2.4.1.
It is further assumed that the company must publish an approved prospectus; through the planned rights issue raise at least $ 10 million in new equity; and holds an extraordinary general meeting at which the planned restructuring and merging of the share classes are adopted.
If the requirement for the number of shareholders is not satisfied, the company will be listed on Oslo Axess, assuming the Oslo Axess Listing Rules, Section 2.4.2 and other conditions are met.
The chief executive officer of Olso Stock Exchange is authorized to determine if the listing will happen on on Oslo Børs or Oslo Axess and determine the first day of listing, no later than 12 april 2013.
Asetek is a world leading provider of energy efficient liquid cooling systems for data centers, servers, workstations, gaming and high performance PCs. Its products are used for reducing power and green house emissions, lowering acoustic noise, and achieving maximum performance by leading OEMs and channel partners around the globe. Asetek's products are based upon its patented all-in- one liquid cooling technology with more than 1.3 million liquid cooling units deployed in the field. Founded in 2000, Asetek is headquartered in Broenderslev, Denmark with offices in USA, China and Taiwan