Consummation of the demerger of AGR Group ASA – Information about the Ex.Date
Oslo Stock Exchange was announced of the following:
Reference is made to the stock exchange notice from AGR Group ASA (“AGR Group”) of 30 July 2013 regarding expiry of the creditor notice period and the expected time for registration of the consummation of the demerger of AGR Group’s two business areas, the Petroleum Services business and Drilling Services business, by spinning of the Drilling Services business into a new non-listed private limited liability company, EDS Group AS (“EDS Group”).
The demerger is expected to be registered with the Norwegian Register of Business Enterprises and completed with effect after the opening hours of the Oslo Stock Exchange today, on 6 August 2013. At the same time, EDS Group is to be incorporated, by registration with the Norwegian Register of Business Enterprises.
Hence, today is the last day of trading in the AGR Group shares giving right to the EDS Group shares (being the Drilling Services business), and tomorrow, 7 August 2013, is the first day of trading in the AGR Group share without giving right to the EDS Group shares (“Ex. Date”).
For further information, please contact:
AGR Group CFO, Svein Sollund, at +47 918 06 910.