OCEAN YIELD ASA Oslo Børs, in capacity as take-over supervisory authority, has approved payment
guarantee pursuant to the Securities Trading Act section 6-22 3rd sub-section
no. 3 in connection with compulsory acquisition ("squeeze-out") of shares in
Ocean Yield ASA without preceding mandatory offer. In this respect, Oslo Børs
has also considered the other relevant conditions applicable for the exemption
to present a mandatory offer pursuant to the Securities Trading Act section 6-22
3rd sub-section.
Octopus Bidco AS has resolved to effect a compulsory acquisition of the shares
in Ocean Yield ASA not already held by Octopus Bidco AS pursuant to the Public
Limited Liability Companies Act section 4-25.
The price offered under the compulsory acquisition is NOK 41.259 per share,
which would have been the minimum offer price for a mandatory offer from Octopus
Bidco AS to the shareholders of Ocean Yield ASA .
Attached is a copy of the guarantee document issued by DNB Bank ASA for the
benefit of those that are subject to the compulsory acquisition. The guarantee
document includes, amongst others, information on the deadline for presenting
claims under the guarantee, the address for delivery of claims and the
documentation that must be submitted.Click here for more information
© Oslo Bors ASA, source
