Delisting Announcement • Feb 2, 2024
Delisting Announcement
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Dear shareholder of Asetek A/S,
You are receiving this letter because you hold shares in Asetek A/S (hereinafter referred to as "Asetek") that are listed for trading on Oslo Børs. We write to inform you that after 26 March 2024, you can no longer trade your shares in Asetek on Oslo Børs as the announced delisting will take effect from 27 March 2024. After 26 March 2024, Asetek shares will only be tradable on Nasdaq Copenhagen, provided that you have transferred them to Nasdaq Copenhagen. On 3 April 2024, your shares will also be deregistered from the Norwegian Central Securities Depository, Verdipapirsentralen ASA (or Euronext Securities Oslo) (hereinafter referred to as "VP Norway").
The purpose of this letter is three-fold:
The last day of trading of your Asetek share(s) on Oslo Børs will be 26 March 2024, and the delisting will take effect from 27 March 2024. On 3 April 2024, your shares will also be deregistered from VP Norway, and after that date, you (or your custodian bank or broker, through which you hold your Asetek shares) will have to contact Asetek directly to exercise your shareholder rights, unless you transfer your shares to Nasdaq Copenhagen and VP Denmark. More information is provided below on how to transfer your shares to Nasdaq Copenhagen and VP Denmark.
You must instruct your custodian bank or broker, through which you hold your Asetek shares, to contact VP Denmark (Asetek's Danish VP registrar/transfer agent) to complete a transfer procedure so that the shares can be traded on Nasdaq Copenhagen. In order to transfer your shares, you must have access to a securities account in VP Denmark to take delivery of the shares. If your custodian bank or broker is not able to assist you with this transfer, you could open an account with Nordnet to transfer your shares or with another financial intermediary capable of assisting with the transfer.
The transfer of shares between VP Norway and VP Denmark may be subject to fees. Please contact your bank or broker about handling fees for the transfer or registration of shares and costs associated with holding shares in VP Denmark and trading on Nasdaq Copenhagen.
If you transfer your shares before 3 April 2024, Asetek has offered to cover costs charged by VP Denmark. Asetek will only cover costs charged by VP Denmark in respect of one transfer of shares from VP Norway/Oslo Børs to VP Denmark/Nasdaq Copenhagen1.
1 Accordingly, Asetek will in particular not cover (i) any fees or costs charged by any other parties than VP Denmark, including the shareholder's financial intermediary or any settlement parties; (ii) any fees or costs incurred by the shareholder, including charged by VP
You are not required to follow any specific procedures in order for Asetek to cover the transfer fee from VP Denmark as this will be arranged between Asetek and VP Denmark.
If you have not transferred your shares to VP Denmark by 2 April 2024, your Asetek shares will be deregistered from VP Norway and be included in a separate shareholders' register of deregistered shares in either your name or in the name of the nominee shareholder, as relevant. Shares that are not registered in VP Denmark cannot be traded on Nasdaq Copenhagen.
If you wish to register your Asetek shares with VP Denmark to facilitate trading on Nasdaq Copenhagen after 2 April 2024, you must either:
Once your Asetek shares have been registered with VP Denmark, they can be traded on Nasdaq Copenhagen.
You will be required to document ownership of the Asetek shares, and Asetek will assess the required documentation on a case-by-case basis depending on whether you hold the shares through a nominee shareholder or in your own name. Contact information for Asetek can be found below.
In order to trade your Asetek shares on Nasdaq Copenhagen, you must have access to a securities account through VP Denmark to take delivery of the shares. If your bank or broker is not able to assist you with this, you could open an account with Nordnet to hold your shares or with another financial intermediary capable of assisting with the registration in VP Denmark.
The registration with VP Denmark and Nasdaq Copenhagen may be subject to fees. Please contact your bank or broker about handling fees for registration of shares and costs associated with holding shares in VP Denmark and trading on Nasdaq Copenhagen.
The governing and economic rights attached to the Asetek shares under Danish company law, such as the right to participate in and vote at general meetings and to receive dividends, will not be affected by the deregistration from VP Norway. However, as stated above, Asetek recommends shareholders to register their shares with VP Denmark at their earliest convenience to have their shares traded on Nasdaq Copenhagen.
Please be advised that Asetek intends to initiate a procedure available under the Danish Companies Act whereby shares not registered with VP Denmark will ultimately be sold on the shareholders' behalf and at their expense. In the event that your shares are not registered with VP Denmark within a period of three years and six months after notice has been given (this
Denmark, in respect of any subsequent transfers between VP Norway/Oslo Børs and VP Denmark/Nasdaq Copenhagen; (iii) any fees or costs incurred by the shareholder after 2 April 2024 in connection with transfer or registration of shares with VP Denmark or vice versa; or (iv) any other fee, charges, costs, levies, taxes incurred by the shareholder, its financial intermediary or any other party .
letter does not constitute such notice). If relevant, Asetek will provide further information on this procedure and the notice initiating the procedure at a later stage.
Asetek has prepared a FAQ regarding the transfer of shares from Oslo Børs to Nasdaq Copenhagen, which can be found here: Asetek | Gaming Hardware Innovation - Share Info - Transfer of Shares to Nasdaq Copenhagen.
Please contact Peter Dam Madsen, CFO and Per-Anders Nyman, Head of Investor Relations, e-mail [email protected] if you have any questions.
Yours sincerely, Asetek A/S
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Peter Dam Madsen CFO
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