Closing of the sale of AGR Holdings AS
Reference is made to the announcement
from 21 July 2014 regarding the sale of AGR Holdings AS to Mirror Bidco AS.
AGR Group has today closed the sale in accordance with the announced terms. Net cash estimate to AGR Group after deducting expenses, fees etc and preliminary settlement with the PetCo companies (employee investment companies) amounts to approximately 1,055 MNOK or 8.5 NOK per share.
The final amount will be adjusted based on the actual August 2014 Balance Sheet. Of this, approximately 43 MNOK will be held on Escrow for about 1 year.
For further information, please contact CFO Svein Sollund
, + 47 918 06 910