Bouvet

Transaction in Own Shares • Oct 11, 2024

Internal restructuring of subsidiaries

Internal restructuring of subsidiaries

Buy-back of 99,000 shares corresponding to 9.9 % in Sesam.io AS 

Bouvet ASA has on 11. October 2024 completed a buy-back of 99,000 shares in Sesam.io AS, corresponding to 9.9 % of the company’s shares, from employees and former employees of Sesam.io AS. The buy-back is occasioned by Bouvet ASA’s desire to secure 100% ownership of Sesam.io AS in order to facilitate an intra-group merger between the wholly-owned company Bouvet Norge AS and Sesam.io AS pursuant to the simplified rules in section 13-24 of the Limited Liability Companies Act. 

Intra-group merger between two wholly-owned subsidiaries 

Bouvet ASA has today approved a merger between its two wholly-owned subsidiaries Bouvet Norge AS and Sesam.io AS, with Bouvet Norge AS acting as the acquiring company. The merger will entail the deletion of Sesam.io AS on the merger completion date. 

Completion of the merger will be reported to the Register of Business Enterprises, after the expiration of the six-week creditor claims notification period from the time of registration of the decision on the merger, and is expected to take effect on 01.01.2025. 

Further information from

- Per Gunnar Tronsli, CEO at Bouvet, tel +47 900 20 622

- Rune Fagermoen, Chairman of the board of Sesam.io AS, tel +47 950 28 424 

This information is disclosable under section 5-12 of the Securities Trading Act.