Analyst Research

Report Title Price
Provider: Reuters Investment Profile
$20.00
Provider: Wright Reports
$75.00
Provider: GlobalData
$125.00

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

AGR Group ASA Announces Results of Demerger and Swap of Shares Offer


Wednesday, 7 Aug 2013 02:00am EDT 

AGR Group ASA announced that following completion of the demerger of Drilling Services business by spinning off the Drilling Services business into a new non-listed private limited liability company, EDS Group AS, the share capital of AGR Group is NOK 139,050,680.16 divided into 124,152,393 shares, each with a nominal value of NOK 1.12. At the same time, EDS Group is incorporated with a share capital of NOK 109,254,105.84, divided into 124,152,393 shares, each with a nominal value of NOK 0.88, issued as consideration to the shareholders in AGR Group, which is distributed to the shareholders in AGR Group in the same ratio as the shares held by them in AGR Group. One share in AGR Group gives the right to receive one share in EDS Group. To meet potential preference among investors to hold shares in a publicly listed company rather than in a privately held company, AGR Group, on a stock exchange notice of April 17, 2013, announced that it would seek to facilitate a swap following completion of the demerger. The swap will consist of (i) an offer to existing shareholders of EDS Group as of August 6, 2013 to apply for an exchange of up to all of its shares in EDS Group into shares in AGR Group and (ii) an offer to existing shareholders of AGR Group as of August 6, 2013 to apply for an exchange of its AGR Group's shares into EDS' shares. 

Company Quote

8.4
-0.01 -0.12%
8:20am EDT