Edition:
United Kingdom

Hunter Enteres Agreement Regarding Change Of Share Ownership In Company


Thursday, 29 Mar 2018 

March 29 (Reuters) - HUNTER GROUP ASA ::AGREEMENT BETWEEN CERTAIN SHAREHOLDERS.‍APOLLO ASSET AND FOUNDING SHAREHOLDERS OF DWELLOP AS ENTERED INTO AGREEMENT ON AND CHANGE OF SHARE OWNERSHIP IN COMPANY​.‍INTENTION IS TO SEPARATE/DEMERGE WHOLLY OWNED SUBSIDIARY DWELLOP AS FROM COMPANY​.‍DWELLOP SHALL BE LISTED ON MERKUR MARKET OR ON ANOTHER MARKET PLACE​.‍DWELLOP FOUNDERS TO SELL 19.230.769 OF SHARES IN COMPANY TO APOLLO AGAINST NOK 2,30 PER SHARE​.‍DWELLOP SHALL BE SEPARATED/DEMERGED FROM COMPANY BY DISTRIBUTION OF SHARES IN DWELLOP TO COMPANY'S SHAREHOLDERS​.‍IF COMPANY DOES NOT HAVE RESERVES, DISTRIBUTION WILL BE ACCOMPLISHED BY WAY OF A SHARE CAPITAL REDUCTION OR DEMERGER​.NOK 10 MILLION IN CASH SHALL BE DISTRIBUTED TO DWELLOP AS GROUP CONTRIBUTION PRIOR TO SEPARATION/DEMERGER​.‍APOLLO IS CONSIDERING SEVERAL INVESTMENT OPPORTUNITIES FOR COMPANY IN OTHER SECTORS THAN OIL SERVICE​. 

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