Arcus ASA: New share capital and new nominal value of shares registered

Reference is made to the announcement by Arcus ASA (the "Company") on 12 November 2020 regarding an extraordinary general meeting in the Company approving, inter alia, an internal reorganisation for establishment of a new holding company in the Arcus group  (the "Reorganisation").  

The share capital increase relating to the bonus issue in the Reorganisation whereby the nominal value of the Company's shares were increased from NOK 0.02 to NOK 5.00 is now registered with the Norwegian Register of Business Enterprises. After this, the Company's registered share capital is NOK 340,116,275 divided on 68,023,255 shares, each with a nominal value of NOK 5.00.

It is expected that the demerger and tripartite merger also resolved by the extraordinary general meeting on 12 November 2020 in connection with the Reorganisation will be completed within the course of January 2021 following applicable creditor notice periods. The Company's current share capital, number of shares and the shares nominal value will remain the same after completion of the demerger and tripartite merger.

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

 

For questions, please contact Per Bjørkum, Group Director Communications and IR.

Mobile.: +47 92255777, e-mail: [email protected]