The Financial Restructuring which comprises
conversion of bond debt to equity and a subsequent
combination of shares, 100:1, was approved by the
Extraordinary General Meeting in Blom held on 27
September 2013, see stock exchange notification of
the same date.
The new shares are expected to be issued and
registered in the Norwegian Central Securities
Depository ("VPS") in the week 18-22. November,
2013. The Blom shares will be traded ex.
consolidation from and including the first trading
date after the registration of the share capital
increase.
The new shares will not be admitted to listing on
Oslo Børs until after a listing prospectus has been
approved by the Financial Supervisory Authority of
Norway and published. It is not yet clear when this
will take place.
Further information as to the time of registration of
the share capital increase, the publication of the
listing prospectus and the admission to trading of
the new shares will be notified in the form of a
stock exchange notification from the Company once
available.
The new shares to be issued are not tradable until
they have been issued and registered in VPS and this
has been confirmed through an announcement by the
Company.
After the issuance of the new shares, the total
number of shares after combination of the shares of
outstanding will be 10,070,649.