Wilh. Wilhelmsen ASA shares trade for last day inclusive of rights to consideration shares in Treasure ASA
7 June 2016 - The shares in Wilh. Wilhelmsen ASA
(WWASA) will today on Tuesday 7 June 2016 trade for
the last day inclusive of rights to consideration
shares in Treasure ASA (Treasure) to be distributed in
connection with the demerger of WWASA.
The demerger, in which the shareholding in NAL,
including its 12.04% shareholding in Hyundai Glovis
Co. Ltd., is transferred from WWASA to Treasure
against a pro rata distribution of the shares in
Treasure to the existing shareholders of WWASA, was
approved by the general meetings of Treasure and WWASA
on 20 April 2016. The creditor notice period
applicable to the demerger expired at 24:00 hours CET
on 6 June 2016 and the consummation of the demerger
will be registered with the Norwegian Register of
Business Enterprises following close of trading on
Oslo Børs today on 7 June 2016.
The consideration shares in Treasure will be
distributed on a pro rata basis to shareholders of
WWASA as of the expiry of the 7 June 2016 (the cut-off
date), as such shareholders appear in the
shareholders' register for WWASA at the Norwegian
Central Securities Depositary (VPS) as of 9 June 2016
(the record date). Eligible shareholders will receive
one consideration share for each share they own in
WWASA as of the cut-off date as recorded in the VPS as
of the record date. It is expected that the
consideration shares will be delivered and made
available to eligible shareholders of WWASA on 10 June
2016. The consideration shares will, upon consummation
of the demerger, constitute all issued shares in
Treasure. All shares in Treasure are registered in the
VPS in book-entry form and the shares rank in parity
with one another and carry one vote per share.
From and including 8 June 2016, shares in WWASA will
trade exclusive of rights to shares in Treasure.
Treasure will from Wednesday 8 June 2016 trade under
the ticker "TRE" on Oslo Børs. Trading in the Treasure
shares will commence prior to delivery of such shares
to eligible shareholders VPS Accounts. Trades during
this period until delivery of the shares to eligible
shareholders' VPS accounts will be settled on a T+2
basis. No account-to-account transactions and no
transactions with settlement prior to 10 June 2016
will be allowed in this period.