Eidesvik Offshore ASA
The Board of Oslo Børs resolved to admit shares in Eidesvik Offshore ASA to listing on Oslo Børs.
The Board agreed to exempt the company from the requirement that a listed company must have been in existence for at least three years. Admission to listing is conditional on the company producing a prospectus approved by Oslo Børs in accordance with the Stock Exchange Regulations.
The Board authorised the President of Oslo Børs to decide whether the company should be listed on the SMB List or the Main List and to fix the date of the first day of listing, which is to be no later than 24 August 2005.
Eastern Drilling ASA
The Board of Oslo Børs resolved to admit shares in Eastern Drilling ASA to listing on Oslo Børs.
The Board agreed to exempt the company from the requirement that a listed company must have been in existence and carried on the major part of its activities for at least three years. Admission to listing is conditional on the company producing a prospectus approved by Oslo Børs.
The Board authorised the President of Oslo Børs to fix the date of the first day of listing, which is to be no later than 24 August 2005.
About Eastern Drilling
Eastern Drilling ASA has in June 2005 entered into a fully financed turn-key contract with Samsung Heavy Industries for the construction of the world’s largest semi-submersible rig with an estimated total project cost of USD 550 million. The company has secured an option to order additionally one identical rig within the next 12 months. Smedvig ASA, a leading offshore rig company, has a 25% ownership share in the company and shall carry out yard supervision in Korea during the construction period. Furthermore, Smedvig ASA will market and operate the rig after delivery, which is expected in December 2007.
The new rig will be the world’s largest and most advanced semi-submersible rig built so far. Environmental care has been emphasised and the rig has capacity to operate in harsh environments and in areas with very deep water.
Aker American Shipping ASA
The Board of Oslo Børs resolved to admit shares in Aker American Shipping ASA to listing on Oslo Børs.
The Board agreed to exempt the company from the requirement that a listed company must have been in existence for at least three years, and stipulated that the company must achieve a satisfactory spread of shareholding in terms of the number of holders of one round lot or more of the company's shares and free float. Admission to listing is also conditional on the company producing a listing prospectus approved by Oslo Børs.
The Board authorised the President of Oslo Børs to fix the date of the first day of listing, which is to be no later than 24 August 2005.
About Aker American Shipping
Aker American Shipping will, through wholly owned U.S. subsidiaries, build, own and bare boat charter out vessels to U.S. vessel operators in accordance with the U.S. coastwise laws (Jones Act). The vessels will be constructed at Kvaerner Philadelphia Shipyard in Philadelphia, USA. The group has in excess of 600 employees, mainly at the shipyard in Philadelphia. Aker American Shipping has entered into contracts for bareboat charter of 10 product tankers to U.S. shipping company Overseas Shipholding Group, Inc.
Artumas Group Inc.
The Board of Oslo Børs resolved to admit shares in Artumas Group Inc. to listing on Oslo Børs.
The Board stipulated that prior to the first day of listing the company must, through its planned share issue, satisfy the requirements for the number of holders of one round lot or more of the company's shares set out in Oslo Børs Circular No. 5/2001. Admission to listing is also conditional on the company raising at least NOK 100 million through its planned share issue in order to meet the requirement of Oslo Børs for a listed company to have sufficient available liquidity for 18 months’ operations.
The Board authorised the President of Oslo Børs to fix the date of the first day of listing, which is to be no later than 23 August 2005.
Kongsberg Automotive Holding ASA
The Board of Oslo Børs resolved to admit shares in Kongsberg Automotive Holding ASA to listing on Oslo Børs.
The Board stipulated that prior to the first day of listing the company must, through its planned distribution sale of shares, satisfy the requirements for the number of holders of one round lot or more of the company's shares set out in Oslo Børs Circular No. 5/2001.
Admission to listing is also conditional on at least 25% of the shares to be listed being taken up by the general public, and on the company appointing a Board of Directors prior to the first day of listing that satisfies the requirements of Oslo Børs in respect of its independence in relation to the main shareholder, management and major business connections.
The Board authorised the President of Oslo Børs to decide whether the company should be listed on the SMB List or the Main List and to fix the date of the first day of listing, which is to be no later than 24 August 2005.
About Kongsberg Automotive
Kongsberg Automotive Holding ASA is a global technology company headquartered in Norway manufacturing systems, modules and components for the automotive and commercial vehicles industries. The company has a leading market position within seat comfort and gearshift systems, clutch actuation systems and air-couplings. Kongsberg Automotive serves a diversified customer base through 13 manufacturing facilities across four continents. About 50 OEMs are currently using Kongsberg Automotive’s products, including BMW, DaimlerChrysler, Ford, GM, Toyota, Porsche, Volvo and Scania.
Revus Energy ASA
The Board of Oslo Børs resolved to admit shares in Revus Energy ASA to listing on Oslo Børs.
The Board agreed to exempt the company from the requirement that a listed company must have been in existence and carried on the major part of its activities for at least three years.
The Board stipulated that prior to the first day of listing the company must, through its planned share issue, satisfy the requirements for the number of holders of one round lot or more of the company's shares set out in Oslo Børs Circular No. 5/2001. Admission to listing is also conditional on at least 25% of the shares to be listed being taken up by the general public, and on the company raising at least NOK 145 million through its planned share issue in order to meet the requirement of Oslo Børs for a listed company to have sufficient available liquidity for 18 months’ operations.
The Board authorised the President of Oslo Børs to fix the date of the first day of listing, which is to be no later than 24 August 2005.
About Revus Energy
Revus Energy is an independent Norwegian upstream company, established in December 2002 by a team of entrepreneurs with extensive experience from exploration and development activities on the Norwegian continental shelf and internationally.
Revus Energy’s business concept is to find opportunities for growth in the mature sections of the Norwegian continental shelf, through a portfolio of fields in production, finds and exploration projects. The company places great emphasis on building a highly qualified organisation and forming close relationships to partners.
Simrad Optronics ASA
The Board of Oslo Børs resolved to admit shares in Simrad Optronics ASA to listing on the SMB List of Oslo Børs ASA.
Admission to listing is conditional on the company being spun-off from Technor ASA prior to the first day of listing by the legal completion of the distribution of 75% of the company's shares. The Board also stipulated that prior to the first day of listing the company must, through its planned share issue, satisfy the requirements for the number of holders of one round lot or more of the company's shares set out in Oslo Børs Circular No. 5/2001, that at least 25% of the shares to be listed must be held by the general public and that the company must publish a prospectus authorised by Oslo Børs in accordance with the stock exchange regulations.
The Board authorised the President of Oslo Børs to fix the date of the first day of listing, which is to be no later than 24 August 2005.
About Simrad Optronics
Simrad Optronics ASA is today one of the key suppliers of military and industrial electro-optical instruments in the world. The company is situated in Oslo and has subsidiaries in Crawley, England and Aubagne outside Marseille, France. The turnover in 2004 was NOK 190.5 million, and revenue for the Military Products Division accounted for 80 % of total revenue and Industrial Products Division 20 %. Profit before tax was NOK 12.0 million in 2004. The Company is highly international and exports to more than 40 countries. Export and sales abroad accounted for 88 % of the Company´s turnover in 2004.
