To all shareholders of Norsk Renewables AS
We hereby write to inform you that Norsk Renewables AS ("Norsk" or the
"Company") has received formal approval from the Oslo Stock Exchange to proceed
with the voluntary delisting of its shares from Euronext Growth Oslo, as also
made public through the stock exchange announcement on 6 December 2024, and that
the shares will cease trading on Euronext Growth Oslo effective from 6 February
2025. The last day of trading will therefore be 5 February 2025.
The Company's board and management team firmly believes that this is in the best
interest of Norsk and its shareholders, as it will allow for a more focused
operation and flexibility when raising funds, in addition to saving costs for
the company. We emphasize that Norsk remains committed to enhancing shareholder
value and that we believe the current strategy will allow for continued growth
of the business without some of the downsides of maintaining a public listing.
That being said, the delisting of Norsk will affect certain aspects relating to
the shareholding and the extent of ongoing information disclosures to the market
and the shareholders, in particular with respect to:
- Public trading: From 6 February 2025 the shares will no longer be registered
on a trading platform, which means that buying/selling shares will have to be
handled by the individual shareholders directly. Please note that there will be
no restrictions on transfer of shares in the Company's Articles of Association,
meaning that the shares will continue to be freely transferable.
- Ongoing reporting requirements: There will no longer be any ongoing reporting
requirements for the Company to the market. We will however strive to keep our
shareholders informed about key financial items on a regular basis, in
particular through the annual general meeting, but also at other times when
considered relevant. Information provided by the Company on an ongoing basis
will be published electronically at the Company's web page under "Investors" or
sent by email. We would encourage you to register your email address in VPS and
consent to receive information from us electronically.
We would like to take this opportunity to thank you for your support and look
forward to an exciting year ahead.
If you have any questions, please do not hesitate to contact our head of
investor relations, Ingrid Sara Grimstad Amundsgård at
ingrid.sara@norskrenewables.com
Best regards,
The Norsk Renewables team