Storm Real Estate ASA has on 28/05/2018 given notice of termination of the management agreement with Storm Capital Management Ltd. The notice period in the agreement is 3 months.
It is the board's intention that this termination will initiate negotiations with Storm Capital Management regarding a continuation of the management assignment on new terms.
For further information, please contact:
Stein Aukner
Chairman of the Board
E-mail: sa@norscanas.no
Phone: +47 90123953
Einar Pedersen
Storm Capital Management Ltd.
E-mail: einar@stormcapital.co.uk
Phone: +44 (0) 20 7409 3369