Grenland Group to be listed on Oslo Børs
The Board of Oslo Børs resolved to admit shares in Grenland Group 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. This exemption was granted because the company's business has been in existence, but has been carried out by different legal entities.
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 the company must publish 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 12 December 2005.
About Grenland Group
Greenland Group ASA was established in 2004 through the merger of Grenland Offshore, Grenland Industri, Hitec Framnæs and Karmøy Stålindustri and acquisition of Bjørge Offshore and the activities of Heerema Tønsberg. These companies have tradition and experience in project execution and, delivery of products; both nationally and internationally. Grenland Group has the last year had a strong growth and ambitions to continue the growth through larger EPCI contracts, and further development of their products, to meet the demands within chosen market segments. The company employs approximately 850 persons at its sites in Tønsberg, Langesund, Sandefjord and Skudesneshavn, and expects in 2005 a turnover of NOK 1 billion.
Geo ASA to be listed on Oslo Børs
The Board of Oslo Børs resolved to admit shares in Geo 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. This exemption was granted because the company's business has been in existence, but has been carried out by different legal entities.
The company must publish a prospectus approved by Oslo Børs in accordance with the Stock Exchange Regulations prior to the first day of listing.
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 5 December 2005.
About Geo
Geo ASA was established on 24 May 2005. GEO was incorporated after DOF acquired GEO Group AS and its subsidiary Geoconsult AS. Geo allocates its subsea services between three primary activities: Offshore Survey, Construction Support and Maintenance Services (IMR). The Company performs all tasks in-house, including offshore and onshore work. After delivery of the new-building, GEO will operate 12 modern offshore-going survey vessels each equipped for subsea and construction support operations. In addition, the Company has one Hugin AUV and several multibeam echo sounders and other seabed survey equipment, as well as 11 modern work ROV’s (Remotely Operated Vehicles) including Active Heave Compensated Launch and Recovery Systems.
Rygge – Vaaler Sparebank to be listed on Oslo Børs
The Board of Oslo Børs resolved to admit primary capital certificates of Rygge-Vaaler Sparebank to listing on the PCC List of Oslo Børs.
The Board stipulated that prior to the first day of listing the bank must, through its planned issue, satisfy the requirements for the number of holders of one round lot or more of the company's securities set out in Oslo Børs Circular No. 5/2001. Admission to listing is also conditional on at least 25% of the securities to be listed being taken up by the general public 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 5 December 2005.
Norgani ASA to be listed on Oslo Børs
The Board of Oslo Børs resolved to admit shares in Norgani 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. This exemption was granted because the company's business has been in existence, but has been carried out by different legal entities, and because analysis of the company is very largely dependent on factors that are available to the market in other ways, and the market therefore has access to sufficient information to reach an informed opinion on the company. Based on an overall evaluation, Oslo Børs has therefore concluded that an exemption from the requirement for the company to have been existence for at least three years is in the interests of investors and the public.
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, and must publish a prospectus approved 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 5 December 2005.
About Norgani
Norgani Hotels ASA is the largest hotel property company in the Nordic region, with headquarter in Oslo. Norgani's business concept is to offer long-term investment in a liquid company which is listed on the stock exchange, exclusively focused on the purchase, sale, management and development of hotel properties. In June 2005, the company raised more than NOK 1.1 billion in new equity. The company currently has a property portfolio comprising 6,672 rooms in 40 large hotel properties which are leased by recognized hotel operators, including Scandic/Hilton, Choice and Rezidor SAS.
Odim ASA to be listed on Oslo Børs
The Board of Oslo Børs resolved to admit shares in Odim ASA to listing on the SMB List of 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, with at least 25% of the shares to be listed being taken up by the general public. Admission to listing is also conditional on the company publishing a prospectus approved by Oslo Børs in accordance with the Stock Exchange Regulations, and on the company raising at least NOK 40 million of new equity in order to meet the exchange's requirements for liquidity and solidity.
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 5 December 2005.
About Odim
ODIM delivers complete automated handling systems within the three business areas Offshore Service Vessels, Mooring & Deep Water Installation and Marine. The systems are based upon strong in-house technological competence. The company has approximately 180 employees, is located in Hareid, Norway and has also subsidiaries in Peterborough, Canada and Houston, Texas.
Application for admission to listing by Thule Drilling ASA rejected
The Board of Oslo Børs resolved to reject an application from Thule Drilling ASA for the admission of the company’s shares to listing on the SMB List of Oslo Børs.
This decision can be appealed to the Stock Exchange Appeals Committee in accordance with the provisions of Chapter 26 of the Stock Exchange Regulations. Any appeal must be submitted within two weeks.
