Fast Search and Transfer ASA to be admitted to the Main List The Board of Oslo Exchanges today resolved to admit shares in Fast Search and Transfer ASA to listing on the Main List. This decision is conditional on the company achieving a satisfactory distribution of ownership of its shares through the planned distribution sale. It is also a condition for admission to listing that the company elects two new independent members to its Board of Directors before the date of listing. The company will also have to prepare a prospectus that satisfies the requirements set out in the Stock Exchange Regulations for a listing prospectus.
The company was granted an exemption from the requirement set out in the Stock Exchange Regulations requiring that a company must have reported an operating profit for at least one of the last three years. The President of Oslo Exchanges was authorised to determine the first day of listing, but with the proviso that this must be no later than 21 June 2001.
