The Board of Oslo Børs approves Scanship Holding and Avance Gas Holding for listing

Markets, News, Stock Markets — By on April 7, 2014 at 10:07 AM

oslo bors07/04/2014 – At its meeting on 7 April 2014, the Board of Directors of Oslo Børs resolved to admit shares in the companies Scanship Holding ASA and Avance Gas Holding Ltd to listing.

Avance Gas to be listed on Oslo Børs
At its meeting on 7 April 2014, the Board of Directors of Oslo Børs resolved to admit the shares in Avance Gas Holding Ltd to listing on Oslo Børs.
The Board stipulated that the company prior to the first day of listing must satisfy the requirement for the number of shareholders as set out in Section 2.4.2 of the Oslo Børs Listing Rules, and have at least 25 % spread of share ownership among the general public, as specified in section 2.4.1 of the Oslo Børs Listing Rules.
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 22 May 2014.

About Avance Gas:
Avance Gas operates in the global market for transportation of liquefied petroleum gas (LPG). The company is one of the world’s leading owners and operators of very large gas carriers (VLGCs), and operates a fleet of six modern ships and has a newbuilding program of eight VLGCs

Scanship to be listed on Oslo Axess
At its meeting on 7 April 2014, the Board of Directors of Oslo Børs resolved to admit the shares in Scanship Holding ASA to listing on Oslo Axess.
The Board stipulated that the company prior to the first day of listing must satisfy the requirement for the number of shareholders as set out in Section 2.4.2 of the Oslo Axess Listing Rules, and have at
least 25% spread of share ownership among the general public, as specified in section 2.4.1 of the Oslo Axess Listing Rules.
The Board also stipulates that the company must raise at least NOK 80 million through its planned primary share issue prior to the first day of 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 22 Mai 2014.

About Scanship:
Scanship is an industry leader in advanced technologies for processing waste and purifying water within the maritime industry. Owners of vessels operating our systems have the solutions to convert all waste and wastewater to inert materials, recyclables, clean flue gas and effluent which meets the highest international discharge standards. Our new technologies will recover water and produce energy, providing tangible payback from the operations. We strive for the highest quality, innovative and sustainable solutions.

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