STOREBRAND ASA: Board resolution to issue new shares in connection with the contemplated purchase of SKAGEN
As previously communicated, and in accordance with the share purchase agreement entered into, Storebrand will acquire all of the A-shares and 10,000 of the B-shares in SKAGEN AS (the "Company" or "SKAGEN"), equivalent to 90.95% of the share capital in the Company and 99.9% of the voting rights in the Company. For more detailed information about the transaction, reference is made to the stock exchange announcement published on 25 October 2017. 75% of the purchase price payable at closing of the share purchase agreement shall be made in the form of new shares in Storebrand ASA to be issued