Oslo Børs - Decision on admission to trading - Seacrest Petroleo Bermuda Limited
Oslo Børs has resolved to admit the shares of Seacrest Petroleo Bermuda Limited,
to trading on Oslo Børs.
An exemption is granted from the requirement for minimum market value per share
of at least NOK 10, cf. Oslo Rule Book II section 22.214.171.124. The dispensation is
granted on the basis of an overall assessment, including the fact that the
company has convened to a special general meeting to resolve a reverse share
split in order to potentially increase the market value of the shares above NOK
10, following admission to trading. Oslo Børs considers the dispensation from
the listing requirement regarding minimum market value per share of NOK 10, to
be in the interest of the general public and investors.
It is stipulated that the company prior to the first day of admission to trading
satisfies the admission requirements for Oslo Børs. If the company does not
satisfy the requirements for Oslo Børs, the company will be admitted to trading
on Euronext Expand, provided that the company satisfies the admission
requirements for Euronext Expand.
The CEO of Oslo Børs determines the first day of listing, no later than 8th May