Home News The Board of Oslo Børs approves three companies for listing on Oslo Axess

The Board of Oslo Børs approves three companies for listing on Oslo Axess

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 oslo bors20/03/2013  – At its meeting on 20 March 2013, the Board of Directors of Oslo Børs resolved to admit shares in the three companies EAM Solar ASA, Serodus ASA and MultiClient Geophysical ASA to listing on Oslo Axess.

EAM Solar to be listed on Oslo Axess At its meeting on 20 March 2013, the Board of Directors of Oslo Børs resolved to admit the shares in EAM Solar ASA to listing on Oslo Axess.

Based on a consideration of suitability for listing in accordance with Section 2.1.1 of the Oslo Axess Listing Rules the Board stipulated that it is a condition for listing that the company within 15 May 2013 complements the Board of Directors with at least one independent board member, so that the board of directors is composed of at least four board members. The reason for this is the strong connection between EAM Solar ASA and its management company EAM Solar Park Management AS. This is due to the long duration and termination clauses of the management agreement, together with the provisions of the articles of association of EAM Solar ASA entitling the management company to propose two board members.

The Board also stipulated that, prior to the first day of listing the company must satisfy the requirement for the number of shareholders as specified in Section 2.4.2 of the Oslo Axess Listing Rules.

The Board authorized the Chief Executive Officer of Oslo Børs to fix the date of the first day of listing, which is to be no later than 3 May 2013.

 

About EAM Solar EAM Solar ASA acquires, owns and operates a portfolio of solar power plants in Europe based on photovoltaic technologies. The revenues are based on long-term fixed price power sales contracts with typical duration of 20 years with government-guaranteed counterparties. Through diligent acquisition procedures and active management of the solar power plant assets, EAM Solar will focus on maximizing shareholder value through best-practice, low-risk operations. The company currently owns two power plants in Italy and are planning to invest in additional plants in the forthcoming future.

 

Serodus to be listed on Oslo Axess At its meeting on 20 March 2013, the Board of Directors of Oslo Børs resolved to admit the shares in Serodus ASA to listing on Oslo Axess.

The Board stipulated that, prior to the first day of listing the company must satisfy the requirement for the number of shareholders as specified in Section 2.4.2 of the Oslo Axess Listing Rules.

The Board authorized the Chief Executive Officer of Oslo Børs to fix the date of the first day of listing, which is to be no later than 3 May 2013.

About Serodus

Serodus ASA is a Norwegian biopharmaceutical company dedicated to the development of compounds for the treatment of patients with cardiovascular diseases with unmet clinical needs. The company was founded based on a discovery from the University of Oslo. The initial product pipeline focuses on the following two diseases:  SER 100 – Isolated Systolic Hypertension (ISH) – reducing the systolic blood pressure with only minor effect on diastolic pressure and SER 102 – Prevention of Atrial Fibrillation (AF) during intra-thoracical surgery.

The SER100 candidate is in clinical development and ready for phase II Proof-of-Concept studies. The other drug candidate is in pre-clinical phase. The product pipeline addresses large markets with substantial unmet clinical needs.

MultiClient Geophysical to be listed on Oslo Axess At its meeting on 20 March 2013, the Board of Directors of Oslo Børs resolved to admit the shares in MultiClient Geophysical ASA to listing on Oslo Axess.

The Board stipulated that, prior to the first day of listing, the company must satisfy the requirement for the number of shareholders as specified in Section 2.4.2 of the Oslo Axess Listing Rules, and publish an approved prospectus.

The Board authorized the Chief Executive Officer of Oslo Børs to fix the date of the first day of listing, which is to be no later than 3 May 2013.

 

About MultiClient Geophysical MultiClient Geophysical ASA (MCG) provides multi-client 2D and 3D seismic surveys to oil and gas companies worldwide from its offices in Norway and Singapore. MCG’s core competencies are within geology, geophysics, seismic interpretation, operations and marketing, and the company brings together these skills to provide attractive surveys for oil and gas companies. As of today, MCG’s library consists of 2D surveys from Asia Pacific, Norway and the Caribbean.

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