Golar LNG Ltd to be admitted to the SMB List
The Board of Oslo Exchanges resolved to admit shares in Golar LNG Ltd to listing on the SMB List. The company was granted an exemption from the requirement that a company must have been in existence for at least three years, cf. section 2-1, third paragraph, of the Stock Exchange Regulations. The company will be required to prepare a prospectus that satisfies the requirements set out in the Stock Exchange Regulations for a listing prospectus, and will also have to enter into a primary listing agreement with Oslo Exchanges. 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 August.
Odim Hitec ASA to be admitted to the Main List
The Board of Oslo Exchanges also resolved to admit shares in Odim Hitec ASA to listing on the Main List. This decision is conditional on the company achieving sufficient distribution of its shares to satisfy the requirement for listing on the Main List of at least 1,000 shareholders holding a minimum of one round lot. No exemption will be granted from this requirement, and if the company is unable to satisfy the distribution of shares requirement for the Main List, it will instead be admitted to listing on the SMB List. The President of Oslo Exchanges was authorised to determine the first day of listing subject to this requirement, which must not be later than 21 August.
Domstein ASA to be admitted to the Main List
At the same meeting the Board of Oslo Exchanges resolved to admit shares in Domstein ASA to listing on the Main List. This decision is conditional on the company achieving sufficient distribution of its shares. 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 August.
Acta Holding ASA to be admitted to listing, principally on the Main List but alternatively on the SMB List
The Board of Oslo Exchanges also resolved to admit shares in Acta Holding ASA to listing on the Main List. This decision is conditional on the company achieving sufficient distribution of its shares to satisfy the requirement for listing on the Main List of at least 1,000 shareholders holding a minimum of one round lot, cf. section 2-1, fourth paragraph, of the Stock Exchange Regulations. If the company is unable to satisfy the distribution of shares requirement for the Main List, it will instead be admitted to listing on the SMB List. The company will also be required to prepare a prospectus that satisfies the requirements set out in the Stock Exchange Regulations for a listing prospectus. 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 August 2001.
Violation charge imposed on E-Line Group ASA for breach of the duty of disclosure
At its meeting today the Board resolve to impose a violation charge on E-Line Group ASA equivalent to the company´s annual listing fee for breach of section 6-2, first paragraph, of the Stock Exchange Regulations. The background for imposing a violation charge is as follows:
The board of directors of E-Line Group did not approve the proposed annual accounts for 2000 until 9 April 2001, and the company is accordingly in breach of section 6-2, first paragraph of the Stock Exchange Regulations. The company published preliminary annual accounts for 2000 on 27 February 2001, and these showed a materially better picture than the final annual accounts published following approval by the company's board on 9 April 2001. This implies that the market was denied access to correct information on the company´s annual accounts for 2000 for a period from the latest date at which the company's board should have approved the proposed annual accounts in accordance with the Stock Exchange Regulations up to the date the annual accounts were finally so approved.
The Board's decision may be appealed to the Oslo Exchanges Appeals Committee. Any appeal must be submitted within two weeks.
Customax ASA removed from listing
The Board of Oslo Exchanges resolved to delete shares in Customax ASA from listing since the company is in receivership, cf. the announcement by the company dated 15 June 2001 that it is subject to a court-ordered receivership. The last day of listing is to be 22 June 2001. This decision may be appealed to the Oslo Exchanges Appeals Committee. Any appeal must be submitted within two weeks.
SAS Norge ASA removed from listing
The Board of Oslo Exchanges resolved to delete shares in SAS Norge ASA from listing. The deletion is conditional on SAS AB becoming the holder of more than 90% of the company's shares. The President of Oslo Exchanges is authorised to determine the last day of listing, which is to be no later than the close of the offer period in the event of a mandatory offer.
Information new companies:
Golar LNG
Golar LNG Limited was incorporated on 10 May 2001 for the purpose of acquiring the LNG operation that had previously been owned by Osprey Maritime and which is known under the 'Golar' brand name. Golar is one of the world's leading transporters of LNG and has been involved in the LNG business since 1970. Transportation of LNG, Liquid Natural Gas, is a special segment of the shipping industry with a current world fleet of approximately 130 ships. Golar LNG owns 5.6 ships which are employed on long-term contracts - ranging from 2004 to 2017 - and in addition has two newbuildings on order for delivery in 2003. Transporation of LNG is expected to increase globally and the company intends to participate in the growth and consolidation of this business.
Odim Hitec
Odim Hitec supplies automated handling systems and integrated vessel control systems, and has a strong market position in selected segments of the offshore oil & gas industry and the marine equipment sector. Odim Hitec is the world's dominating supplier of cable handling systems for seismic vessels, and is also a leading supplier of technology and solutions to fiber optic cable laying vessels, remote operated subsea vehicles, oil & gas production vessels and subsea field developments, as well as advanced merchant and naval vessels. Odim Hitec ASA was created through the recent merger of Odim and Hitec MMI. The company has a staff of 370 and Q1 revenues were NOK 168 million.
Domstein
Domstein was founded in 1925 and is today one of the most important players in the Norwegian and international fishing industry. The main acitivities are primary processing of pelagic fish and whitefish and production and distribution of value added products. The alliance with the marine farming company Fjord Seafood ASA and the seafood company Pieters N.V. has enabled Domstein to become one of the biggest seafood suppliers in Europe. Domstein is part-owner of 16 fishing vessels through the fishing vessel owners Ervik Havfiske AS and takes part in the entire value chain from farming and catching to value added fish products.
Acta
Acta´s business idea is to be the leading supplier of savings-and investment solutions for the middle to upper end of the private market. Our aim is to become the preferred choice for this customer segment by securing distribution agreements with the best national and international suppliers of financial products, and thus be able to offer a broad and innovative product range.
The company was established in 1990 and operations have, until 1999, solely been within the area of customer advice on savings-and investment products. In May 2000, Acta was established as a financial concern with a comprehensive product range of savings, investment and banking services. In addition to the advisory offices, the newly established company also has an online solution where customers may conduct stocks- shares and funds transactions. These channels are all integrated in order to provide the customer with a choice regarding level of service according to his or her own preferences.
Acta has 13 advisory offices in Norway, 6 advisory offices in Sweden, and one in Finland. This year, the company is planning to open another 5 offices in Sweden. With gross sales of NOK 4,5 billion, Acta is Norway´s largest independent distributor of savings- and investment solutions and products - for the third year running. Today, Acta has NOK 10 billion under management, and 400 employees.
