Fara ASA has in letter dated 9 November 2012 pursuant to Continuing Obligations section 15.1 (4) cf. Stock Exchange Act section 25 (1), applied for delisting of the company’s shares from Oslo Børs.
Oslo Børs has on 18 December 2012 made the following resolution:
”The shares in Fara ASA will be delisted from Oslo Børs. Last day of listing will be 1 March 2013
Oslo Børs has considered how the interests of the company’s minority shareholders is maintained in connection with delisting of the company’s shares from Oslo Børs, including that the minority shareholders are not given an option of exit or withdrawal prior to delisting. Despite that no offer has been made to the shareholders, Oslo Børs has following an overall assessment in this particular matter still concluded that a delisting will not cause substantial disadvantage for the shareholders or the tasks and function of the market. Oslo Børs has particularly emphasized that the opposition against delisting among the minority shareholders at the company’s general meeting was unsubstantial, both in the way of number of shareholders who have voted against the proposed delisting, and the proportional number of shares represented at the company’s general meeting that have voted against delisting. The consideration towards the minority shareholders, however, requires t hat the date for delisting is put somewhat forward in time.”