Agasti aims to dispose the activities in the Capital Markets-segment

The Board of Agasti Holding ASA (Agasti) has decided to initiate a process with the aim of divesting the activities in the subsidiary Agasti Capital Markets AS (ACM) and the activities in ACMs associated agent in Sweden, Navexa Securities AB (Navexa).

As previously communicated, affiliates of Blackstone (Blackstone) has entered into an agreement to acquire 34 percent of Agastis operational activities. The transaction is carried out by Agasti transferring all the companies that make up the operational activities to the newly established subsidiary Obligo BX Holding AS (Obligo BX), of which Blackstone acquires 34 percent. Agasti will own the remaining 66 percent in Obligo BX. For more information and details about this transaction please refer to the announcements in July and August 2015.

In conjunction with the Blackstone-transaction and the change of ownership, Agasti currently conducts a process with the aim to simplify, streamline and sharpen the business model further.

A disposal of the activities in Agasti Capital Markets AS and Navexa Securities AB will reduce the number of employees within the Agasti Group from appr. 90 to appr. 50 and significantly improve profitability.

Contact details:
CEO, Jørgen Pleym Ulvness, phone (+47) 906 67 877
CFO, Christian Dovland, phone (+47) 908 84 730
CCO, Tor Arne Olsen, phone (+47) 900 90 470

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.