(Oslo ,10 January 2023 ) Following completion of the compulsory acquisition of all remaining shares ofMagseis Fairfield ASA (the "Company") byTGS ASA as reported on5 January 2023 , an extraordinary general meeting was convened and held today,10 January 2023 (the "EGM"). At the EGM, it was resolved to apply for a delisting of the shares of the Company from Oslo Børs and, with effect from the delisting, to convert the Company to a private limited liability company. Further, the EGM also resolved, with effect from the time of conversion to a private limited liability: (i) to de-register the Company's shares from the VPS; (ii) to remove the nomination committee; and (iii) to make certain related amendments to the Company's articles of association. This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act. For further information, please contact: André Bjørvik, SVP Corporate Communication Tel: +47 907 42 746 Email: andre.bjorvik@magseisfairfield.com
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