Axactor SE – Announcement regarding the relocation to Norway and potential trade restrictions for certain shares related thereto
Oslo, December 3, 2018 – As previously announced, Axactor SE (“Axactor” or the “Company”), have filed for relocation of its registered office from Sweden to Norway in order to reduce the burden of administrative expenses and achieve a more efficient group structure.
The expected day for completion of the relocation is December 20, 2018 at which point, the Company will be removed out of the company register at the Sweden Companies Registration Office (Bolagsverket) and instead registered with the Norwegian Companies Register (Foretaksregisteret i Brønnøysund).
As set-out in the previously published report in accordance with article 8 of the Council Regulation (EC) no 2157/2001 on the statute for a European company (SE), the share ledger will after the relocation be held by Verdipapirsentralen in Norway (“VPS”), with DNB Bank, Verdipapirservice as Registrar, instead of Euroclear Sweden AB (holder of the share register in Sweden). This will have the effect, that the share ledger held by Euroclear will be frozen on December 14, 2018 (settlement date), meaning that shares only registered with Euroclear (i.e. not held by VPS) no longer can be traded.
Given the aforementioned, shareholder’s holding shares in the Company that has not already been registered with a VPS account in Norway must, in order to be able to trade such shares after December 14, 2018:
(i) If the shares are nominee-registered, instruct the nominee to re-register the shares in VPS,
(ii) If the shares are directly registered in Euroclear, either transfer the shares to a VPS account or to a nominee-registered account connected to VPS.
The above actions can also be taken at any time after December 20, 2018, but non VPS registered shares as of December 14, 2018 will be restricted from trading until the actions has been carried out.
For assistance with registration in VPS after December 20, 2018 please contact: DNB Registrar Department, telephone: +47 23 26 80 16, e-mail: konv@dnb.no.
The Company has ordered a share ledger as of November 30, 2018 and the above information will also be sent to all shareholders having shares direct registered in Euroclear by mail in the end of this week.
For further information, please contact:
Vibeke Ly, Head of Group Legal and Compliance, Axactor SE
Mobile phone: +47 911 79 195
Email: Vibeke.ly@axactor.com
About AxactorAxactor Group specializes in both Debt Collection and Debt Purchasing across several countries, with operations in Italy, Germany, Norway, Sweden and Spain. The company has a Nordic base and an ambitious Pan-European growth strategy, which targets the market for non-performing loans (NPL) in Europe. This market is estimated to be about 1,500 billion euros across Europe providing significant opportunities for Axactor's future expansion. Axactor has approximately 900 employees.
www.axactor.com