Reference is made to the resolution by the extraordinary general meeting of Standard Supply AS (the “Company”) on 9 October 2024, regarding a share consolidation (reverse share split) of the Company’s shares in the ratio of 100:1. Key information related to the share consolidation is set out below:
• Reverse split ratio: 100:1, i.e. one hundred (100) old shares give one (1) new share;
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• Date on which the corporate action was made public: 25 September 2024
• Last day including right: 29 October 2024
• Ex-date: 30 October 2024
• Record Date: 31 October 2024
• Date of approval: 9 October 2024
Following completion of the share consolidation, the par value of the Company’s shares will be increased from NOK 0.10 to NOK 10. Shareholders who do not own a number of shares which can be divided by 100 shall, in connection with the share consolidation, have their holdings rounded downwards, so that the shareholder receives a whole number of shares. Fractional shares will not be issued.
The Company has agreed with S.D. Standard ETC Plc (“SDSD”), the largest shareholder of the Company, that SDSD shall transfer shares free of charge to shareholders that in connection with the share consolidation will have their shareholding rounded downwards, so that the relevant shareholders are compensated for the downwards rounding.
In connection with the reverse share split, the Company’s shares will be transferred to a new ISIN. Key information for the change of ISIN is set out below:
• Issuer: Standard Supply AS
• Previous ISIN: NO0012547308
• New ISIN: NO0013384651
• Date of ISIN change: 30 October 2024
For further information, please contact:
CFO Eldar Paulsrud
Tel: +47 48 16 55 99
E-mail: eldar@ferncliff.no
Web: standard-supply.com
This information is published in accordance with the requirements of the Continuing Obligations.
Kilde
