Brief: Saga Pure Announces Demerger Plan To Establish New Investment Co

Saga Pure ASA

16/11/2022 14:33

Nov 16 (Reuters) - Saga Pure ASA  SAGAS.OL :
    * ANNOUNCES DEMERGER PLAN FOR PURPOSE OF ESTABLISHMENT OF
NEW
INVESTMENT COMPANY
    * BOARD OF DIRECTORS HAVE PREPARED A DEMERGER PLAN FOR
DEMERGER OF
NOK 500 MILLION IN CASH TO NEW INVESTMENT COMPANY
    * NEW INVESTMENT COMPANY WILL BE FORMED AT TIME OF
COMPLETION OF
DEMERGER, EXPECTED IN Q1 OF 2023
    * ALL SHAREHOLDERS IN SAGA PURE AT TIME OF COMPLETION OF
DEMERGER
WILL PRO RATA RECEIVE SHARES IN NEW COMPANY
    * INTENTION IS TO LIST SHARES OF NEW INVESTMENT COMPANY ON
EURONEXT GROWTH FOLLOWING COMPLETION OF DEMERGER
    * DEMERGER PLAN WILL BE PRESENTED TO EGM OF SHAREHOLDERS IN
CO FOR
CONSIDERATION

Source text for Eikon:  ID:nWkr4XZXSy 
Further company coverage:  SAGAS.OL 
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