The reason for proposing a reverse split of the shares is to make the share price less volatile and facilitate investments in the Company by more long-term investors.
The reverse split will include shareholders registered in Norwegian Central Securities Depository (VPS) as of 1 June 2006, provided approval of the Annual General Meeting on the 27 April 2006.
Shareholders who do not have a number of shares dividable by 10 will automatically be given the necessary number of shares prior to the reversed split. The number of shares necessary for all shareholders to have share holdings dividable by 10 will free of charges be paid by the Company’s largest shareholder.
The Board of Directors suggests simultaneously to increase the Company’s share capital with NOK 1, from NOK
762 281 729 to NOK
762 281 730 by a private placement directed to Consolidated Holdings A/S.
When the reversed split is carried out, Ementor ASA’s share capital will be NOK
762 281 730 divided in 76 228 173 shares with a par value of NOK 10.
Complete notice of the Annual Meeting is available at
www.ementor.com/gm.
For further information, please contact:
Rune Falstad, CFO mob +47 906 14 482
Jo Lunder, CEO mob +47 900 80 842