Måsøval AS - Internal reorganization - completed demerger and triangular merger

08 Jan 2025 21:48 CET

8.1.2025 21:48:36 CET | Måsøval AS | Additional regulated information required
to be disclosed under the laws of a member state

It is referred to the stock exchange announcement dated 10 October 2024 from
Måsøval AS ("the Company"), indicating that the board of directors of the
Company, along with the boards of directors of its subsidiaries-Måsøval Drift
AS, Måsøval Lisens AS, Måsøval Hjelpeselskap Drift AS, and Måsøval Hjelpeselskap
Lisens AS-have approved a joint plan for a demerger and triangular merger. This
plan was adopted at the general meetings of the respective companies on 25
October 2024, cf. the stock exchange announcement of the same date.

In accordance with the demerger and triangular merger plan, a reorganization is
to be carried out in three steps. The first step involves a demerger with
Måsøval Drift AS as the transferring company and Måsøval Lisens AS as the
receiving company. The second step entails the execution of a demerger with the
Company as the transferring company and Måsøval Hjelpeselskap Lisens AS and
Måsøval Hjelpeselskap Drift AS as the receiving companies. The third step
involves the execution of a triangular merger of Måsøval Lisens AS and Måsøval
Hjelpeselskap Lisens AS (with Måsøval Lisens AS as the receiving company) and
with the Company as the issuing company for consideration, as well as a
triangular merger of Måsøval Drift AS and Måsøval Hjelpeselskap Drift AS (with
Måsøval Drift AS as the receiving company) and with the Company as the issuing
company for consideration.

The creditor period of six weeks has now expired. The final step in the
reorganization has been registered with the Business Register today, thus
completing the process. As a result, the Company has become a pure holding
company after the aquaculture licenses were transferred to Måsøval Lisens AS,
while employees and operational assets were transferred to Måsøval Drift AS.

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

CONTACTS

* Anders Hagestande, CFO, Måsøval AS, +47 415 82 138,
anders.hagestande@masoval.no
* Helge Kvalvik, CEO, Måsøval AS, +47 979 79 772, helge.kvalvik@masoval.no

ABOUT MÅSØVAL AS

Måsøval is an integrated producer of Atlantic salmon with more than 50 years of
operational experience. Located in Central and West of Norway, Måsøval has both
significant farming operations at sea and inhouse smolt production. Måsøval is
processing and exporting high quality Atlantic salmon to a global marketplace.

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847731/18377210/5514/Download%20announce
ment%20as%20PDF.pdf

More information:
Access the news on Oslo Bors NewsWeb site

636153_Download announcement as PDF.pdf