Board of Directors of Saga Invest Holding AS, a wholly
owned subsidiary of Saga Tankers ASA, and Strata Marine &
Offshore AS have on 26 February 20145 approved and signed a
merger plan. The merger is subject to approval by the
general meeting in the respective companies on or about 27
March 2015.
If the transaction is completed Saga Invest Holding AS
ownership in Nickel Mountain Group AB will be increased by
27 151 999 shares corresponding to 29.9%.
If the transaction is completed Strata Marine & Offshore AS
ownership in Nickel Mountain Group AB will be reduced by 27
151 999 shares corresponding to 29.9%.
After the transaction Øystein Stray Spetalen and associated
companies will have a holding of 27 151 999 shares,
corresponding to 29.9% of the company.