Brief: Byggma: Majority Owner Initiates Strategic Review Of Holdings

Byggma ASA

07/06/2021 06:06

June 7 (Reuters) - Byggma ASA  BYGG.OL :
    * MAJORITY OWNER INITIATES STRATEGIC REVIEW OF HOLDINGS AND
COMPANY UPDATE PRESENTATION
    * HAS BEEN INFORMED THAT GEIR DRANGSLAND AND CLOSE
ASSOCIATES, WHO
CONTROL ABOUT 88.6% OF SHARES IN CO HAVE DECIDED TO INITIATE
STRATEGIC REVIEW
    * STRATEGIC REVIEW TO EXPLORE ALTERNATIVES WHICH MAY REDUCE
MAJORITY OWNER'S HOLDING IN CO AND THUS INCREASE FREE FLOAT OF
COMPANY, SECURE LONG TERM INSTITUTIONAL INVESTORS AND DIVERSIFY
COMPANY'S SHAREHOLDER BASE
    * BYGGMA - DRANGSLAND AIMS TO MAINTAIN CONTROLLING INTEREST
OF
MORE THAN 50% OF SHARES IN CO FOLLOWING ANY TRANSACTION
    * DRANGSLAND AIMS TO CONTINUE TO SERVE AS COMPANY'S CEO

Source text for Eikon:  ID:nObiQZ3G9a 
Further company coverage:  BYGG.OL 

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