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Austevoll Seafood ASA Announces Compulsory Acquisition of Shares in Norway Pelagic ASA


Monday, 1 Jul 2013 01:15am EDT 

Austevoll Seafood ASA (AUSS) announced that the Company has exercised its right to acquire compulsorily for cash the remaining 1,824,390 shares in Norway Pelagic ASA that it does not already own (the Minority Shares). The offer price to be paid for each Minority Share has been set at NOK 15.50, which is equal to the price offered by AUSS under the mandatory offer made on March 5, 2013, where the offer period expired on April 3, 2013. When the compulsory acquisition takes place within three months after the expiry of the offer period, the redemption price shall normally be fixed at the same amount as was offered in the mandatory offer, cf. the Securities Trading Act section 6-22 (2). The rights and ownership of the Minority Shares will automatically be transferred to Austevoll Seafood ASA, which accordingly will be the beneficial owner of 100% of the Norway Pelagic ASA shares. This transfer is scheduled to be completed July 4, 2013. 

Company Quote

44.1
-1.7 -3.71%
10:25am EDT