An extraordinary general meeting of the Company was held today, at which the shareholders of the Company resolved to approve the merger plan for the Merger.
An extraordinary general meeting of KMCP was held prior to the Company’s extraordinary general meeting. That extraordinary general meeting also approved the merger plan and made certain resolutions to be made pursuant to the merger plan, including inter alia appointment of a new board of directors with effect from completion of the Merger with the same composition as the Company’s board of directors. Reference is made to the announcement by KMCP for more information.
The Merger is expected to be completed during late Q1/early Q2 2026, following expiry of the six weeks creditor notice period and subject to fulfilment of the conditions for completion of the Merger as set out in the merger plan. Upon completion of the Merger, the Company will be dissolved and deleted, and the combined company will become the debtor under the FRN senior secured NOK 1,000,000,000 bonds 2025/2029 bond with ISIN NO0013708446 and the FRN NOK 1,200,000,000 perpetual callable hybrid bond with ISIN NO0012514324 issued by the Company.
For additional information, please contact:
Bjørnar André Ulstein
CEO
bau@bewiinvest.com