Reference is made to Ymir Energy AS' ("Ymir") mandatory offer (the "Mandatory Offer") for all the shares in
Crudecorp ASA("Crudecorp" or the "Company") at NOK 5.50per share as set out in the offer document of 20 January 2014(the "Offer Document"). At the expiration of the offer period on 18 February 2014, Ymir has received acceptances from shareholders holding in aggregate 47,574,693 shares, representing approx. 38.0 % of the share capital in Crudecorp. Together with Ymir and closely related parties' holding of 75,569,807 shares in the Company, Ymir and closely related parties will following completion of the Mandatory Offer own 123,144,500 shares in Crudecorp, representing approx. 98.3 % of the share capital in the Company.
Settlement with the tendering shareholders under the Mandatory Offer will be completed on or around
Ymir intends to initiate a compulsory acquisition of the remaining shares in
In addition, Ymir will initiate an extraordinary general meeting in
Crudecorpin order to apply for a delisting from Oslo Axess, effective as soon as possible. Stavanger, 19 February 2014
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