Statoil ASA to be admitted to the Main List
The Board of Oslo Exchanges today resolved to admit shares in Statoil ASA to listing on the Main List. This decision is conditional on the preparation of 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 June 2001.
SAS AB admitted to secondary listing on the Main List
Following the consolidation of the shares of SAS, the Board of Oslo Exchanges has approved the admission of shares in SAS AB to secondary listing on the Main List on condition that a sufficient distribution of shares is achieved. The company will be required to enter into a Listing Agreement. This decision is conditional on the preparation of 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.
Consorte Group ASA - admitted to listing on the SMB List
The Board of Oslo Exchanges also resolved to admit shares in Consorte Group ASA to listing on the SMB List. The company was granted an exemption from the requirement that a company must have carried out the major part of its current activities for at least three years.
It is a condition for admission to listing that the company raises liquid assets equivalent to at least NOK 35 million in line with the planned increase in share capital. The company will also have 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 June 2001.
Listing of Industriinvestor ASA/TeleCast Group AS to continue
At its meeting on 25 April 2001, the Board of Oslo Exchanges resolved that the merged company Industriinvestor ASA/TeleCast Group AS did not satisfy the requirements for listing. In reaching this decision the Board attached particular importance to the company´s unsatisfactory liquidity and equity. In the intervening period Industriinvestor ASA/TeleCast Group AS has endeavoured to arrange financing, and the company has now succeeded in establishing an underwriting consortium made up of existing shareholders that will guarantee the subscription of at least NOK 35 million.
The Board of Oslo Exchanges accordingly today resolved to revise its decision taken on 25 April 2001 to the effect that the merged company Industriinvestor ASA/TeleCast Group AS may now retain its listing on the SMB List of Oslo Exchanges.
PC LAN ASA and Norsk Kjøkkeninvest ASA removed from listing
The Board of Oslo Exchanges resolved to delete shares in PC LAN ASA from listing. The President of Oslo Exchanges is authorised to determine the last day of listing, which is to be no earlier than the close of the offer period for the mandatory offer.
The Board of Oslo Exchanges also resolved to delete shares in Norsk Kjøkkeninvest ASA from listing, with the last day of listing to be determined by the President of Oslo Exchanges. The last day of listing will not be before the voluntary offer for the purchase of the company´s shares is completed.
More about Statoil
Statoil is an integrated oil and gas company, headquartered in Stavanger, Norway. The company has approximately 16,400 employees (as of December 31, 2000) and business operations in 21 countries. The group ranks today as a leading player on the Norwegian continental shelf (NCS) in exploration for as well as production and transport of oil and gas. It possesses refining capacity in Norway, Denmark and the Netherlands. In addition, Statoil has developed into an important gas company in Europe and a leading retailer of petrol and other oil products in Scandinavia. Statoil has a 50 per cent interest in the Borealis petrochemicals group and owns 80 per cent of the Navion shipping company.
More about Consorte
Consorte was established in January 1998. The Group had NOK 31.1 million in sales in 2000, more than tripling the sales figure for the previous year. First-quarter sales in 2001 were more than 150% higher than in the same period the year before. Consorte is incorporated in Oslo with subsidiaries also in Stockholm, Copenhagen and London. Consorte has developed a unique technology for efficiently processing incoming telephone calls for businesses. With the aid of IN (Intelligent Network) technology, a large part of the customer’s need for switchboard and line capacity is transferred to Consorte as an operator in the telecom network. Customers specify their requirements as to how they will handle their incoming phone traffic. Consorte provides customers with state-of-the-art functionality within telephony solutions – and virtually unlimited capacity – without the need for investments in local exchanges or other customer-installed equipment.
