HIDDN- postpones the approval of the agreement with Energos to an Extraordinary Shareholder Meeting
With Reference to the stock exchange announcement by Hiddn Solutions ASA ("Hiddn" or the "Company") on 16 May 2019 to acquire Energos Group AS (“Energos”), the Board of Directors in Hiddn has decided not to present the proposal at the Ordinary General Meeting on 28 June 2019.
In connection with the Transaction, Hiddn has under preparation amongst others a complete Information Memorandum, - describing the transaction and issuance of the consideration shares including proforma figures for the combined entity. The Board of Directors is of the opinion that, - partly due to input from some of the shareholders of Energos, the Company will not be able to have the Information Memorandum and other closing documentation finalized prior to the Ordinary General Meeting. The Board of Directors therefore intends to call for an Extraordinary Shareholder Meeting to approve the Transaction as soon as possible and when the parties have completed all necessary formalities.
For further information, please contact:
Carl Espen Wollebekk, CEO, telephone: + 47 930 55 505 /e-mail: email@example.com