At its meeting on 18 June 2014, the Board of Directors of Oslo Børs resolved to admit shares in Havyard Group ASA to listing on Oslo Børs. Havyard Group ASA submitted an updated application for listing on 6 June 2014.
The Board stipulated that, prior to the first day of listing, the company must satisfy the requirement for the number of shareholders as specified in Section 2.4.2 of the Oslo Børs Listing Rules, and at least 25% of the shares to be admitted to listing must be held by the general public as required by Section 2.4.1 of the Oslo Børs Listing Rules.
If the requirement for the number of shareholders is not met, the company will be accepted for a listing on Oslo Axess, subject to the company satisfying Section 2.4.2 of the Oslo Axess Listing Rules and other listing requirements. The Board authorised the Chief Executive Officer of Oslo Børs to fix the date of the first day of listing, which is to be no later than 1 August 2014.
Havyard is a Norwegian provider of offshore ship design, shipbuilding technology, ship equipment and systems and services to the international oil and gas industry.
Related: Havyard ready to go public