The Board of Oslo Børs approves Selvaag Bolig for listing on Oslo Børs and a transfer of Spectrum from Oslo Axess to Oslo Børs

News, Stock Markets — By on May 23, 2012 at 11:56 AM

At its meeting on 23 May 2012, the Board of Directors of Oslo Børs resolved to admit the shares in Selvaag Bolig ASA to listing on Oslo Børs and a transfer of the shares in Spectrum ASA from listing on Oslo Axess to listing on Oslo Børs.

Selvaag Bolig approved for listing on Oslo Børs

At its meeting on 23 May 2012, the Board of Directors of Oslo Børs resolved to admit the shares in Selvaag Bolig ASA to listing on Oslo Børs.

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 Listing Rules and publish an approved prospectus. In addition the company must raise at least NOK 500 million of new capital through a planned share issue prior to listing.

The Board authorized the Chief Executive Officer of Oslo Børs to fix the date of the first day of listing, which is to be no later than 6 July 2012.

About Selvaag Bolig: Selvaag Bolig is a residential property developer focusing on the main Norwegian cities and their surrounding areas. The company also plans to expand in selected cities in Scandinavia. Selvaag Bolig has a broad property portfolio, and develops homes based on three concepts targeting various types of households.

Spectrum to be transferred to Oslo Børs

At its meeting on 23 May 2012, the Board of Directors of Oslo Børs resolved to admit the shares in Spectrum ASA to listing on Oslo Børs.

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 Listing Rules and publish an approved prospectus.

The Board authorized the Chief Executive Officer of Oslo Børs to fix the date of the first day of listing, which is to be no later than 6 July 2012.

About Spectrum: Spectrum is a major multi client provider of seismic data and data processing services to the global oil and gas industry. Its current data library includes in excess of 1.1m km of 2D seismic data covering all the major oil and gas producing regions of the world. The company constantly strives to increase the offerings to its customers both by increasing the data processing capabilities of its geoprocessors and expanding its data library. The seismic data library is continually being enhanced through the reprocessing of old data using new techniques and identification of new areas of interest by its dedicated geological team where new data is acquired.

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