World Nordic Acquires 51.5 Percent of Bergesen A-Shares
April 8, 2003
World Nordic Aps has acquired 16.575.106 A-shares in Bergesen d.y. ASA, ,the number of shares previously held by Petter C G Sundt and Morten Sig. Bergesen, at a price of NOK 180 per share.
World Nordic, controlled by the Sohmen family of Hong Kong, also notified the Oslo Stock Exchange that they have acquired 5.144.228 A-shares and 4.698.893 B-shares in Bergesen from Tauro Company Limited.
World Nordic now holds 21.719.334 A-shares and 4.698.893 B-shares in Bergesen, constituting 51.5 percent of the company's voting A-shares and 26,9% of the company's non-voting B-shares. World Nordic's total shareholding in Bergesen consists of 26.418.227 shares, constituting 44,3% of the total number of shares in Bergesen.
World Nordic has confirmed to the Board of Bergesen that they will put forward a mandatory offer to buy all the shares in Bergesen in accordance with the regulations in the Securities Trading Act, clauses 4-1 and following. The offer will be based on a price of NOK 180 per A-share and NOK 155 per B-share, adjusted for the proposed dividend.
The Board of Bergesen will consider the offer in accordance with the Securities Trading Act, clause 4-16, and give their recommendation to the shareholders within the time limit stipulated by the act.
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