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Sevan Marine ASA to be listed on the SMB List
The Board of Oslo Børs resolved to admit shares in Sevan Marine ASA to listing on the SMB List of Oslo Børs. Admission to listing is conditional on the company raising NOK 35 million through a share issue prior to listing, and on all the shares to be listed having identical dividend rights. The company will also be required to produce a prospectus that satisfies the requirements of the Stock Exchange Regulations for a new listing.
Admission to listing is conditional on the recruitment of a person dedicated to take responsibility for the company’s finance and accounting function.
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 21 December 2004.
Bjørge ASA to be listed on the SMB List
The Board of Oslo Børs resolved to admit shares in Bjørge ASA to listing on the SMB List of Oslo Børs. The company will be required to produce a prospectus that satisfies the requirements of the Stock Exchange Regulations for a new listing. It is also a condition for admission to listing that the composition of the company’s board of directors satisfies the requirements of Oslo Børs in respect of independence from the company’s main shareholders.
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 22 December 2004.
About Bjørge ASA
Bjørge is a product, system and service provider to the Norwegian oil & gas, land based and maritime industry. Bjørge ASA is today a parent company of a total of six companies with main activities taking place in Norway, but some products and systems are increasing its market share on the export market.
Bjørge has 650 employees and expects a turnover of NOK 800 mill and an EBITA of NOK 48 mill in 2004. Bjørge has service locations in Stavanger, Bergen and Kristiansund. In addition, Bjørge is located in Oslo, Moss, Porsgrunn, Arendal, Haugesund and Bømlo. The main office is located in Stavanger.
Northern Offshore Ltd. removed from listing
In accordance with Section 25-2 of the Stock Exchange Regulations, shares in Northern Offshore Ltd. will be permanently removed from listing on Oslo Børs with effect from 5 December 2004 when the current temporary de-listing expires. Oslo Børs resolved on 3 August 2004 to temporarily de-list Northern Offshore Ltd. with effect from 5 August 2004 in response to a formal request from the court-appointed Joint Provisional Liquidators of the company, cf. press release dated 3 August 2004.
This decision may be appealed to the Oslo Børs Appeals Committee. Any appeal must be submitted within two weeks.
