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Nekkar — Share Issue/Capital Change 2010
Jul 6, 2010
3669_mrq_2010-07-06_054c6d34-c016-4b61-ae11-31e8bb030a02.html
Share Issue/Capital Change
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Agreement regarding a directed issue of 9.9% of the shares in TTS Group
(This is a copy of announcement from Scana Industrier
ASA , 06.07.2010 at kl. 08.48 hours.)
Reference is made to the press-release sent 5 July
2010 and today regarding RS
Platou Markets AS' order to purchase up to 10% of the
shares in TTS Group ASA.
TTS Group has entered into an agreement with Scana
Industrier ASA to issue
6,722,920 shares in TTS Group ASA at a price of NOK
6.30 per share, constituting
9.9% of the share capital in TTS Group through a
private placement of shares.
RS Platou Markets AS acted as sole advisor in the
transaction.
As a consequence of the purchase, Scana Industrier
ASA will own 9.9% of the
share capital in TTS Group.
The issuance of shares to Scana Industrier ASA will
be made by TTS Group's board
pursuant to authorization granted by the company's
general meeting held on 3
June 2010 and is expected to be completed within the
end of this week.
For further information, please contact:
Christian Rugland, CFO Scana Industrier ASA, tel. +47
952 952 55 ([email protected])
Rolf Roverud, CEO Scana Industrier ASA, tel. +47 911
67 581 ([email protected])
Frode Alhaug, Chairman Scana Industrier ASA, tel. +47
906 44 875
Johannes D. Neteland, President & CEO TTS Group ASA,
tel. +47 918 46 906
This information is subject of the disclosure
requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)