Brief: Oceanteam ASA And Soiltech AS Announce Merger Agreement

Soiltech ASA

30/05/2024 18:03

May 30 (Reuters) - Oceanteam Asa  OTS.OL :
    * AND SOILTECH AS ANNOUNCE MERGER AGREEMENT
    * SHAREHOLDERS IN OCEANTEAM WILL RECEIVE AS CONSIDERATION
0.01543
SHARES IN SOILTECH FOR EACH SHARE IN OCEANTEAM
    * COMBINED COMPANY WILL BE OWNED 93.35% BY SHAREHOLDERS OF
SOILTECH WHILE 6.65% WILL BE OWNED BY SHAREHOLDERS OF OCEANTEAM
    * ANTICIPATED THAT SOILTECH ASA WILL BE LISTED AND COMMENCE
TRADING AROUND END OF Q3 2024
    * MERGER COMPLETED BY OCEANTEAM TRANSFERRING ALL ITS ASSETS,
INCLUDING ESTIMATED NOK 21 MILLION IN CASH, RIGHTS & OBLIGATIONS
TO SOILTECH
    * SOILTECH WILL BE CONVERTED TO PUBLIC LIMITED LIABILITY CO,
SEEK
LISTING ON EURONEXT OSLO BØRS OR EURONEXT EXPAND UNDER NAME OF
SOILTECH ASA
    * SOILTECH WILL BE SURVIVING ENTITY FOLLOWING COMPLETION OF
MERGER, WHILE OCEANTEAM WILL BE DISSOLVED AND LIQUIDATED.

Source text for Eikon:  ID:nObipwgYHa 
Further company coverage:  OTS.OL 

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