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- Saga Pure Announces Demerger Plan For The Purpose of Establishment of New Investment Company
Saga Pure announces demerger plan for the purpose of establishment of new investment company
16 Nov 2022 15:30 CET
Issuer
Saga Pure ASA
Reference is made to the announcement by Saga Pure ASA ("Saga Pure" or the
"Company") on 9 November 2022 concerning the Company's intention to establish a
new industrial investment company focused on distressed assets.
The Company's board of directors have prepared a demerger plan for the demerger
of NOK 500 million in cash to the new investment company. The new investment
company will be formed at the time of completion of the demerger, expected in
the first quarter of 2023. All shareholders in Saga Pure at the time of
completion of the demerger will pro rata receive shares in the new company. The
intention is to list the shares of the new investment company on Euronext Growth
following completion of the demerger. The demerger plan will be presented to an
extraordinary general meeting of shareholders in the Company for consideration,
the summons for which is expected to be sent in the near future.
ENDS
For additional information, please contact:
Bjørn Simonsen, CEO, +47 971 79 821
Espen Lundaas, CFO, +47 924 31 417
About Saga Pure | www.sagapure.com
Saga Pure ASA is an investment company focusing on opportunities within
renewable energy, hydrogen, circular economy and CO\2\-reduction.
More information:
Access the news on Oslo Bors NewsWeb site
Source
Saga Pure ASA
Provider
Oslo Børs Newspoint
Company Name
SAGA PURE
ISIN
NO0010572589
Symbol
SAGA
Market
Oslo Børs