Notice regarding completion of share capital reduction – decrease of reduction amount
Oslo, 14 October 2016
Reference is made to the stock exchange notice published on 22 August 2016 regarding the completed extraordinary general meeting in Agasti Holding ASA (under liquidation) (the "Company"), and also the stock exchange notice published on 24 August 2016 with information relating to a cash dividend from the Company. The original proposal was to reduce the share capital of the Company by NOK 51,992,037.4368 (the "Original Reduction Amount"), by reducing the par value of each share by NOK 0.1766. As set out in the resolution from the Company's extraordinary general meeting the board is authorised to reduce the reduction amount to an amount lower than the Original Reduction Amount, in order to maintain adequate equity and capitalisation of the Company.
The creditor notice period for the share capital reduction of the Company expired on 4 October 2016. In addition the creditor notice periods in connection with liquidation of the Company's two Norwegian subsidiaries expired on 5 October 2016 and 6 October 2016. It has been resolved to distribute NOK 0.1757 per share. The share capital reduction amount is therefore set to NOK 51, 727,072.3536, and the share capital is reduced from NOK 52,993,016.64 to NOK 1,265,944.2864 by reducing the par value of each share by NOK 0.1757 from NOK 0.18 to NOK 0.0043 per share.
The resolution states that the reduction amount shall be distributed to the Company's shareholders as of the date the board files for completion of the share capital deduction with the Norwegian Register of Business Enterprises. Completion of the share capital deduction will be filed with the Norwegian Register of Business Enterprises Monday 17 October 2016, outside the stock exchange opening hours. The last day of trading inclusive right to receive distribution from the share capital deduction will therefore be Monday 17 October 2016. For key dates for the share capital reduction please see separate stock exchange notice.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.