The Board agreed to exempt the company from the requirement that a listed company must have been in existence for at least three years, cf. section 2.3.1 and 2.3.2 of the Oslo Børs Listing Rules. The exemption was granted because the company’s business has been in existence for the required time, but has been carried out by different legal entities.
The Board stipulated that, prior to the first day of listing the company must:
– Satisfy the requirements for 25 % spread of share ownership among the general public as specified in the section 2.4.2 of the Oslo Børs Listing Rules
– Satisfy the number of shareholders as specified in the section 2.4.1 of the Oslo Børs Listing Rules
The Board authorised the Chief Executive Officer of Oslo Børs to fix the date of the first day of listing, which is to be no later than 29 June 2017.
About Saferoad Holding:
Saferoad is a leading road safety and road infrastructure solutions provider in Northern, Central and Eastern. Saferoad serves the most product-intensive parts of the road construction value chain, delivering products and value-adding solutions and services to those that own, build and maintain roads. Saferoad is headquartered in Oslo, Norway, and has more than 2,700 employees across 20 European countries. http://www.saferoad.com/