Payments to shareholders in Agasti Holding ASA
Provided that the general meeting on 22 August 2016 approves the board's proposed sale of Agasti's operations for sales proceeds of NOK 215 million with a subsequent liquidation of the company, as well as a share capital decrease of NOK 52 million, the company plans the following timeline for payments to its shareholders:
During September 2016
- The proceeds of NOK 215 million, net of restricted equity of NOK 53 million, equivalent to NOK 162 million or NOK 0.55 per share.
During October 2016
- The share capital decrease of NOK 52 million and the company's cash holdings net of estimated liquidation costs, equivalent to a payment of NOK 43 million or NOK 0.15 per share.
Overall the company's shareholders will receive approximately NOK 0.70 per share during the fall of 2016.
Year-end 2016 - 2017
- Any remaining capital after liquidation costs.
Payments are based on preliminary calculations and are subject to a final resolution of the general meeting.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.