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Belships

Legal Proceedings Report • Feb 28, 2019

3553_rns_2019-02-28_acab6547-e812-4cf3-ad90-e7543f3801e6.html

Legal Proceedings Report

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Press release from the Stock Exchange Appeals Committee - Belships ASA

The Stock Exchange Appeals Committee has today considered an appeal by shareholders in Belships ASA against the resolution passed by Oslo Børs to not impose a mandatory offer in relation to a merger in Belships ASA. In the merger, companies controlled by Kontrari AS and Kontrazi AS were the transferring companies.

The Stock Exchange Appeals Committee has repealed Oslo Børs’ resolution of the 21st of December 2018 and has obliged Kontrari AS and Kontrazi AS to make a mandatory offer at NOK 7 per share.

The Stock Exchange Appeals Committee is an independent committee, appointed by the Ministry of Finance. The Committee's resolutions are published by Oslo Børs on behalf of the Committee.