Compulsory acquisition - approval of guarantee
Compulsory acquisition - approval of guarantee
Euronext Oslo Børs, in capacity as take-over supervisory authority, has approved payment guarantee pursuant to the Securities Trading Act section 6-22 3rd sub-section no. 3 in connection with compulsory acquisition of shares in Gram Car Carriers ASA without preceding mandatory offer. In this respect, Euronext Oslo Børs has also considered the other relevant conditions applicable for the exemption to present a mandatory offer pursuant to the Securities Trading Act section 6-22 3rd sub-section.
SAS Shipping Agencies Services Sàrl has resolved to effect a compulsory acquisition of the shares in Gram Car Carriers ASA not already held by SAS Shipping Agencies Services Sàrl, pursuant to the Public Limited Liability Companies Act section 4-25. The compulsory acquisition does not comprise shares owned by Gram Car Carriers ASA.
The price offered under the compulsory acquisition is NOK 263.69 per share, which would have been the minimum offer price for a mandatory offer from SAS Shipping Agencies Services Sàrl to the shareholders of Gram Car Carriers ASA.
Attached is a copy of the guarantee document issued by DNB Bank ASA for the benefit of those that are subject to the compulsory acquisition. The guarantee document includes, amongst others, information on the deadline for presenting claims under the guarantee, the address for delivery of claims and the documentation that must be submitted.