At its meeting today, the Board of Oslo Børs resolved to admit shares in Faktor Eiendom and Spits to listing on Oslo Børs.Faktor Eiendom ASA to be listed on Oslo Børs
The Board of Oslo Børs resolved to admit shares in Faktor Eiendom ASA to listing on Oslo Børs.
Prior to the first day of listing the company must satisfy the requirements for the number of holders of one round lot or more of the company's shares set out in Section 2.4.2 of the Stock Exchange Listing Rules, and at least 25% of the shares to be admitted to listing must be held by the general public, cf. Section 2-1 of the Stock Exchange Regulations.
The Board authorised the President of Oslo Børs to decide on which List the company will be included and to fix the date of the first day of listing, which is to be no later than 12 January 2007.
About Faktor Eiendom
Faktor Eiendom ASA (Faktor Eiendom) is a Norwegian Public Limited Company established in November 2001 with head office in Sarpsborg, Norway. Faktor Eiendom is a holding company consisting of seven primarily wholly owned companies consisting of Faktor Eiendom AS, Faktor-gruppen AS, Faktor Entrepenør AS, Planbo Forvaltning AS (former Planbo AS), Planbo Bolig AS, Planbo Resort AS and Fritidsplan AS.
Faktor Eiendom is a modern real-estate and housing developer focusing on delivery of houses to both the residential market and the vocational home market in Norway, Sweden and Spain. The Group currently has approximately 50 real-estate projects either completed or in various stages of development. The Company has through direct ownership, cooperation agreements, option agreements or other rights access to projects containing in excess of 6,000 housing units. The development of these projects will secure the operation of the Group’s subsidiaries for years to come.
Spits ASA to be listed on Oslo Børs
The Board of Oslo Børs resolved to admit shares in Spits ASA to listing on the SMB List of 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, cf. Section 2-1 of the Stock Exchange Regulations. The exemption was granted since the business of the company has been in existence, but has been carried out by different legal entities.
Prior to the first day of listing the company must satisfy the requirements for the number of holders of one round lot or more of the company's shares set out in Section 2.4.2 of the Stock Exchange Listing Rules, and at least 25% of the shares to be admitted to listing must be held by the general public, cf. Section 2-1 of 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 12 January 2007.
About Spits
Spits is a leading group in the Nordic market for professional Marketing Services with activities in market analysis, market consultancy, PR, advertising, design, multimedia and film. Spits consists of the operating companies Opinion AS (Market analysis), Virtual Garden AS (Communication), the TIBE-group (Communication) and Applaus AS (Film- and TV-production). Spits’ Head Quarters are located in Oslo, and total sales in 2005 were NOK 220 million (pro forma), with an EBITDA-profit at NOK 10,5 million (pro forma).
