Ice Group AS: completion of restructuring, share capital increase registered
19 September 2018
19 September 2018 – Ice Group AS has as further described below successfully completed the restructuring of the group, thereby enabling an improved and more transparent ownership structure and a business strategy with sole focus on Scandinavia.
Reference is made to the minutes from the extraordinary general meeting in Ice Group AS on 15 June 2018, whereby Al Media Holdings (NMT) LLC and 18 other shareholders in AINMT Holdings AB were offered to swap their shares in AINMT Holdings AB with shares in Ice Group AS (the “flip-up”). All shareholders in AINMT Holdings AB accepted this offer, and today the share capital increase relating to the issue of shares to Al Media Holdings (NMT) LLC and 13 of the 18 other shareholders has been registered in the Norwegian Register of Business Enterprises. Ice Group AS now holds 99.8 % of the issued shares in AINMT Holdings AB. The remaining 5 shareholders in AINMT Holdings AB, that in aggregate own 0.2 % of the issued shares in the company, have entered into an agreement to swap their shares in AINMT Holdings AB with shares in Ice Group AS at a later point in time.
Following the registration of the above-mentioned share capital increase, Ice Group AS has issued 126,344,613 shares, of which Al Media Holdings (NMT) LLC and its affiliates own 63.9 %.
“We are very pleased with the outcome of this process, which includes the agreed divestment of the Brazilian assets, de-merger of other non-Scandinavian assets and the flip-up. In sum, this is unlocking a more simplified and more transparent ownership structure,” adds Eivind Helgaker, CEO of Ice Group.
For further information, please contact:
Investors: Henning Karlsrud, CFO of Ice Group, tel: +47 93 04 53 89
Media: Endre Aaberg Johansen, Corporate Communications AS, tel: +47 41 61 06 05, email: email@example.com
These materials are not an offer for sale of securities in the United States. Securities may not be sold in the United States absent registration with the United States Securities and Exchange Commission or an exemption from registration under the U.S. Securities Act of 1933, as amended. ice group AS does not intend to register any part of any offering in the United States or to conduct a public offering in the United States.