Brief: Måsøval AS Says Internal Reorganisation Proposal For A Demerger And Triangular Merger

Masoval AS

10/09/2023 22:05

Sept 10 (Reuters) - Masoval AS  MASM.OL :
    * MÅSØVAL AS - INTERNAL REORGANISATION - PROPOSAL FOR A
DEMERGER
AND TRIANGULAR MERGER
    * PURPOSE OF PROPOSED INTERNAL REORGANISATION IS TO
STREAMLINE
MÅSØVAL AS A PURE HOLDING COMPANY
    * MASOVAL - CO AND BOARD OF DIRECTORS OF CO'S SUBSIDIARIES
ADOPTED
A JOINT PLAN FOR DEMERGER AND TRIANGULAR MERGER
    * COMPANY'S SUBSIDIARIES ARE AQUA FARMS VARTDAL AS, PURE
FARMING
AS, MÅSØVAL HJELPESELSKAP DRIFT AS AND MÅSØVAL HJELPESELSKAP
LISENS AS
    * PURPOSE OF PROPOSED INTERNAL REORGANISATION IS TO ISOLATE
COMMERCIAL AQUACULTURE LICENSES IN ONE COMPANY, PURE FARMING AS
    * MASOVAL- BOARD AIMS TO TRANSFER CERTAIN OPERATIONAL
EQUIPMENT,
EMPLOYEES WITH ASSOCIATED ASSETS, RIGHTS, LIABILITIES TO ONE CO,
AQUA FARMS VARTDAL AS

Source text for Eikon:  ID:nObiMngGWa 
Further company coverage:  MASM.OL 

 ((Reuters.Briefs@thomsonreuters.com;))