Q-FREE – PROPOSAL TO IMPLEMENT A DROP-DOWN DEMERGER
The Board of directors of Q-Free ASA proposes to transfer the operational activities of Q-Free ASA to a wholly-owned subsidiary called Q-Free Norge AS. The transfer is planned to be carried out through a "drop-down demerger" where the assets, rights, obligations and employees of Q-Free ASA are first demerged to a subsidiary called “Q-Free Tolling AS” and then immediately thereafter, “Q-Free Tolling AS” is merged with Q-Free ASA’s wholly-owned subsidiary “Q-Free Norge AS”. The consideration is issued by Q-Free ASA. The background for the proposed drop-down demerger is that Q-Free wants to