Date on which the corporate action was made public: 25 April 2019
Reverse split ratio: 50 old shares give 1 new share
Last day including right*: 2 July 2019
Ex-date*: 3 July 2019
Record date*: 4 July 2019
Date of approval: 16 May 2019
*The share will be traded exclusive the reverse share split from and including 3 July 2019, subject to the creditor notice period for the merger expiring on 1 July 2018 without any creditor claims being made or such claims being handled/settled.
Other information:
Shareholdings not divisible by 50 are rounded up to the nearest number divisible by 50, and the difference will be made up by reducing the shares owned by the largest shareholders of the Company. The consideration shares issued to the shareholders of Axxis Geo Solutions AS ("AGS") in connection with the merger with the Company will also be subject to the reverse share split. For further information on the merger with AGS, please refer to the information memorandum attached to the Company's stock exchange notice of 5 June 2019.
This information is published in accordance with the requirements of the Continuing Obligations.